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  3. fashion, incorporated had a retained earnings bala

Fashion, Incorporated had a Retained Earnings balance of $13,000 at December 31, 2024. The company...

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Accounting

imageFashion, Incorporated had a Retained Earnings balance of $13,000 at December 31, 2024. The company had an average income of $8,000 over the next 5 years, and an ending Retained Earnings balance of $13,000 at December 31, 2027. What was the total amount of dividends paid over the last five years? Multiple Choice $41,500 $39,250 $40,000 $43,000

Fashion, Incorporated had a Retained Earnings balance of $13,000 at December 31, 2024. The company had an average income of $8,000 over the next 5 years, and an ending Retained Earnings balance of $13,000 at December 31, 2027. What was the total amount of dividends paid over the last five years? Multiple Choice $41,500 $39,250 $40,000 $43,000

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