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Author Question: On its 2020 balance sheet, Hope Books showed $620 million of retained earnings, and exactly that ... (Read 16 times)

mimie

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on: Aug 7, 2023
On its 2020 balance sheet, Hope Books showed $620 million of retained earnings, and exactly that same amount was shown the following year. Assuming that there were no earnings restatements, which of the following statements is correct?

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The company must have had zero net income in 2020 due to poor management. 


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The company must have paid no dividends in 2020. 


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The company might have paid out more than half of its 2020 earnings as dividends.


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The company might have paid out the whole earnings for the year as dividends.

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Marked as best answer by mimie on Aug 7, 2023

katrey9207

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mimie

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Reply 2 on: Aug 7, 2023
Thanks for the timely response, appreciate it

laurnthompson

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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