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13. Retained earnings of a firm as of 12/31/2013 were $75,000 and $125,000 at the end of 12/31/2014. Net income for 2014 was $70,000, how

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13. Retained earnings of a firm as of 12/31/2013 were $75,000 and $125,000 at the end of 12/31/2014. Net income for 2014 was $70,000, how much did the firm pay out in dividends to its shareholders in 2014? A) $10,000 B) $20,000 C) $30,000 D) $40,000

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