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Consider the following simplified financial statements for the Phillips Corporation (assuming no income taxes): Phillips has predicted a sales increase of 8 percent. It has

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Consider the following simplified financial statements for the Phillips Corporation (assuming no income taxes): Phillips has predicted a sales increase of 8 percent. It has predicted that every item on the balance sheet will increase by 8 percent as well. Required: Calculate the dividend paid. (Do not round your intermediate calculations.) Multiple Choice $15,505 $24,936 $15,510 $15,514 $15,528

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