Given the information below about Thomas Corporation, what was the amount of dividends the company paid in the current period?
Beginning retained earnings $ 54,000
Ending retained earnings $ 110,000
Decrease in cash $ 10,000
Net income $ 84,000
Change in stockholders' equity $ 15,000
A) $13,000.
B) $110,000.
C) $28,000.
D) $18,000.
Answer: C
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