Business, 19.08.2020 15:01 joelwilliamjoel

Salah’s net income for the year ended December 31, Year 2 was $191,000. Information from Salah’s comparative balance sheets is given below. Compute the cash paid for dividends during Year 2. At December 31 Year 2 Year 1 Common Stock, $5 par value $ 506,000 $ 455,400 Paid-in capital in excess of par 954,000 858,400 Retained earnings 694,000 587,400

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Salah’s net income for the year ended December 31, Year 2 was $191,000. Information from Salah’s com...

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