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Compute the amount of the cash dividend

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Question - The balance in retained earnings at December 31, 2018 was K720,000 and at December 31, 2019 was K582,000. Net income for 2019 was K500,000. A share dividend was declared and distributed which increased share capital K200,000 and share premium K110,000. A cash dividend was declared and paid. Compute the amount of the cash dividend?

Reference no: EM132717072

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