Respuesta :
Answer:
$8,000
Explanation:
As we know that
Ending balance of retained earnings = Beginning balance of retained earnings + net income - dividend paid
where,
Ending balance of retained earnings = $1,000
Beginning retained earning we assume zero
And, the net income for three years is
= $7,000 - $1,600 + $3,600
= $9,000
So, the dividend amount is
= $9,000 - $1,000
= $8,000
We simply applied the above formula
The total amount of dividends paid over these three years is :
-$8,000
"Retained earnings"
Given :
Ending balance of retained earnings = $1,000
Beginning retained earning we assume zero.
Formula :
Ending balance = Beginning balance + net income - dividend paid
Net income for three years = $7,000 - $1,600 + $3,600
Net income for three years= $9,000
Dividend amount = $9,000 - $1,000
Dividend amount = $8,000
The total amount of dividends paid over these three years is $8,000.
Learn more about "Retained Earning":
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