MCQs > Finance & Management > Financial Accounting > Acme company has 5,000 shares outstanding, and Retained earnings balance of $12,000. If Acme declares a dividend of $3/share, what is the resulting Retained earnings balance?

Financial Accounting MCQs

Acme company has 5,000 shares outstanding, and Retained earnings balance of $12,000. If Acme declares a dividend of $3/share, what is the resulting Retained earnings balance?

Answer

Correct Answer: -($3,000) ; Retained Losses

Explanation:

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