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QUESTION 21 Assume that a firms book value at the beginning of the year is $17,800 and that the firm reports net income of $6,200.
QUESTION 21 Assume that a firms book value at the beginning of the year is $17,800 and that the firm reports net income of $6,200. If the firms book value at the end of the year is $20,000 what was the amount of dividends paid during the year? a. Insufficient information to determine b. $2,200 c. $8,800 d. $4,000
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