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What amount of dividends will be accounted

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Question - York Inc. was established on April 1, 2020 and has a December 31 year end. The Board of Directors sets a policy of paying quarterly dividends of $110 per 800 shares. York Inc. has 100,000 shares outstanding. The fourth quarter dividend was declared on December 15, 2020 and it will be paid on January 5, 2021. What amount of dividends will be accounted for when determining the ending balance of Retained Earnings for the year 2020?

Reference no: EM133077631

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