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Bobo Inc. as the following for the current year: Total revenues $100,000; total expenses $80,000; Beginning balance in retained earnings $50,000 and ending balance in
Bobo Inc. as the following for the current year: Total revenues $100,000; total expenses $80,000; Beginning balance in retained earnings $50,000 and ending balance in retained earnings of $60,000. What amount of dividends were paid to stockholders during the year? Select one: a. $0 b. $10,000 c. $20,000 d. $5,000
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