Solved: The companys net income earned during the year is 57, Accounting Basics

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The companys net income earned during the year is 57

The ending Retained Earnings balance of Lambert Inc. increased by $1.9 million from the beginning of the year. The company's net income earned during the year is $5.7 million. What is the amount of dividends Lambert Inc. declared and paid?

$7.6 million

$5.7 million

$3.8 million

$1.9 million

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Accounting Basics: The companys net income earned during the year is 57

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Accounting Basics: The companys net income earned during the year is 57

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