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Examplet: Lina Corporation had year end 2018 and 2019 retained earnings balances of $550,000 and $620,000, respectively. The firm reported net profits after taxes of

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Examplet: Lina Corporation had year end 2018 and 2019 retained earnings balances of $550,000 and $620,000, respectively. The firm reported net profits after taxes of $160,000 in 2019. The firm paid dividends in 2019 of A) SO B) $50,000 C) $90,000 D) $110,000 poo

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