What were the dividends paid by the firm

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Reference no: EM13810831

The year-end 2010 balance sheet of Brandex Inc. listed common stock and other paid-in capital at $3,000,000 and retained earnings at $5,300,000. The next year, retained earnings were listed at $5,600,000. The firm’s net income in 2011 was $1,090,000. There were no stock repurchases during the year. What were the dividends paid by the firm in 2011?

Reference no: EM13810831

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What were the dividends paid by the firm : The year-end 2010 balance sheet of Brandex Inc. listed common stock and other paid-in capital at $3,000,000 and retained earnings at $5,300,000. The next year, retained earnings were listed at $5,600,000. The firm’s net income in 2011 was $1,090,000...

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