STATEMENT OF STOCKHOLDERS EQUITY In its most recent financial statements, Newhouse Inc. reported $50 million of net

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STATEMENT OF STOCKHOLDERS’ EQUITY In its most recent financial statements, Newhouse Inc. reported $50 million of net income and $810 million of retained earnings. The previous retained earnings were $780 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid.

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