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Nina Corp. had the following net income (loss) for the first three years of operations, respectively: $7,100, ($1,600), and $3,600. If the Retained Earnings balance at the end of year three is $1,100, what was the total amount of dividends paid over these three years?

Respuesta :

mltn1980

Answer:

$ 8.000 is the amount paid in dividends during these three years.

Explanation:

The total sum of Net Income operation during these three years was $9.100, the money that is not keep in retained earnings it's distributed in dividends.

To end the year with a retained earnings of $1.100, the company have been to paid in dividends $8.000.

Please see details below:

Net Incomes: $7.100 + ($1.600) + $3.600 = $ 9.100

Retained Earnings at end of the period  = $ 1.100

Dividends piad by the company = $ 8.000  

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