Nina corp. had the following net income (loss) the first three years of operation: $7,100, ($1,600), and $3,600. if the retained earnings balance at the end of year three is $1,100, what was the total amount of dividends paid over these three years?
a. $500.
b. $0.
c. $9,100.
d. $8,000.

D. $8,000.

Explanation:

total profit/ loss in $9,100 = $7,100 + ($1,600) + $3,600

Retained Earnings balance at the end of year three is $1,100, so the total amount of dividends paid over these three years was $8,000 = total profit/ loss in $9,100 - Retained Earnings balance at the end of year three of $1,100

answer; blank(1); /rises; blank(2); //increases;

answer; balance sheets;