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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