1 Given the information below about Thomas Corporation what

1 Given the information below about Thomas Corporation, what was the amount of dividends the company paid in the current period? $44,000 $119,000 $10,200 $81,000 Beginning retained earnings Net income Change in stockholders equity O $119,000 o $-4.200 O $6.000

Solution

Beginning retained earnings 44,000 Add:Net income 81,000 125,000 Closing retained earnings -119,000 Dividend declared during the year 6,000 answer