Business
Business, 18.05.2021 18:40, tadvet5685

Terps Company provided the following information for the year 2020: Retained earnings, beginning balance: $125,000 Retained earnings, ending balance: $147,000 Dividends Payable, beginning balance: $95,000 Dividends Payable, ending balance: $84,000 If the company reported a net income of $78,000 for the year, what was the amount of dividends paid during the year?

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