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The ending Retained Earnings balance of Lambert Inc. increased by $1.8 million from the beginning of the year. The company's net income earned during the year is $5.4 million. What is the amount of dividends Lambert Inc. declared and paid?

Respuesta :

Ritmeks

Answer:

$4.4 million

Explanation:

The ending retained earnings of Lambert incorporation increases by $1.8 million

The net income earned during the year is $5.4 million

Therefore the amount of dividend declared and paid by Lambert incorporation can be calculated as follows

= $5.4 million - $1.8 million

= $4.4 million

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