Solution-Calculate the dividends declared during the year

Calculate the dividends declared during the year

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Reference no: EM13548675

Calculate dividends using the accounting equation At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $12,400 and liabilities of $7,000. During the year, liabilities decreased by $1,200. Net income for the year was $3,000, and net assets at the end of the year were $6,000. There were no changes in paid-in capital during the year.

Required:

Calculate the dividends, if any, declared during the year.

Reference no: EM13548675

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Calculate the dividends declared during the year

Reference no: EM13548675

Reference no: EM13548675

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