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During fiscal year-end 2021, Penman Enterprises reports the following (in $ millions): net income of $548, retained earnings at the end of the year
During fiscal year-end 2021, Penman Enterprises reports the following (in $ millions): net income of $548, retained earnings at the end of the year of $12,591 and retained earnings at the beginning of the year of $12,314. Assume that there were no other retained earnings transactions during fiscal 2021. What dividends did the firm pay in fiscal year ended March 31, 2021?
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Financial Accounting
Authors: Walter T. Harrison, Charles T. Horngren
7th edition
0135012848, 978-0135012840
