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7- Balance sheet of company xyz for year 2016 shows retained earning equal to $1,000,000. Also, its balance sheet for year 2015 shows retained earning

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7- Balance sheet of company xyz for year 2016 shows retained earning equal to $1,000,000. Also, its balance sheet for year 2015 shows retained earning equal to $700,000. The company made 500,000 profit in year 2016. How much dividends did it pay to its stockholders in year 2016? Final

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