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1. In its most recent financial statements, Nessler Inc. reported $63 million of net income and $756 million of retained earnings. The previous retained earnings
1.
In its most recent financial statements, Nessler Inc. reported $63 million of net income and $756 million of retained earnings. The previous retained earnings were $722 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid.
a. $77 million
b. $39 million
c. $29 million
d. $97 million
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