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[keyes4323]

A corporation had year end 2004 and 2005 retained earnings balances of $320,000 and $400,000, respectively. The firm reported net profits after taxes of $100,000 in 2005. The firm paid dividends in 2005 of _________ .
A) $0
B) $20,000
C) $80,000
D) $100,000

 

[Deleted member 4993]

A corporation had year end 2004 and 2005 retained earnings balances of $320,000 and $400,000, respectively. The firm reported net profits after taxes of $100,000 in 2005. The firm paid dividends in 2005 of _________ .
A) $0
B) $20,000
C) $80,000
D) $100,000

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