Question
A firm started the year with retained earnings of $8,700 and ended the year with retained earnings of $8,250. During the year, the firm earned
A firm started the year with retained earnings of $8,700 and ended the year with retained earnings of $8,250. During the year, the firm earned a net income of $3,100. How much did the firm pay in dividends?
Multiple Choice
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$3,550
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$2,650
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$550
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$2,550
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$3,650
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. Mcguigan, William J. Kretlow
9th Edition
032416470X, 9780324164701
