Business, 21.12.2019 01:31 malikbryant2002

Acompany earned net income of $ 80 comma 000 during the year ended december 31, 2016. on december 15, the company declared the regular dividend on its 2% preferred stock (13 comma 000 shares with total par value of $ 130 comma 000) and a $ 0.75 per share dividend on its common stock (65 comma 000 shares with total par value of $ 650 comma 000). the company paid the dividends on january 4, 2017. did retained earnings increase or decrease during 2016? by how much?

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Acompany earned net income of $ 80 comma 000 during the year ended december 31, 2016. on december 15...

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