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Business, 12.03.2020 21:32 Demondevilg

Below is information related to retained earnings for five independent situations. Calculate the answer to each. 1. A company reports an increase in retained earnings of $2,230 and net income of $4,270. What is the amount of dividends? 2. A company reports beginning retained earnings of $1,530, net income of $1,710, and $390 dividends. What is the amount of ending retained earnings? 3. A company reports an increase in retained earnings of $3,370 and dividends of $2,300. What is the amount of net income? 4. A company reports ending retained earnings of $2,580, net income of $1,080, and dividends of $900. What is the amount of beginning retained earnings? 5. A company reports an increase in retained earnings of $690 and net income of $1,700. What is the amount of dividends?

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