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ABC Restaurant had budgeted total assets of 100, budgeted liabilities of 60, budgeted common shares of $10, opening retained earnings of $10, net income for

ABC Restaurant had budgeted total assets of 100, budgeted liabilities of 60, budgeted common shares of $10, opening retained earnings of $10, net income for the most recent year of $30, how much did ABC declare in dividends for its most recent year? Select one: a. $30 b. $100 c. $40 d. $10

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