How to figure out dividends declared?

The Kroger Co. is one of the largest retailers in the United States and also manufactures and processes

some of the food for sale in its supermarkets. Kroger reported the following January 31 balances in its stockholders’ equity accounts (dollars in millions):

Current Year Prior Year

Common stock $ 968 $ 946

Paid-in capital 3,326 3,051

Retained earnings 7,479 6,410

During the current year, Kroger reported net income of $1,244.

How much did Kroger declare in dividends for the year?

Update:

Current Year Prior Year

Common stock $ 968 $ 946

Paid-in capital 3,326 3,051

Retained earnings 7,479 6,410

same info as above, just easier to read.

2 Answers

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  • JKRB
    Lv 7
    6 years ago
    Favorite Answer

    Beg. Ret. Earn. Balance + Net Income - Dividends = End. Ret. Earn. Bal.

    6,410 + 1,244 - Dividends = 7,479

    Dividends = $175

    Source(s): Accounting Fan
  • 6 years ago

    go to the companies web site

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