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Ridge Crest Co. has beginning Retained Earnings of $39,000, ending Retained Earnings of $41,500, and net income of $23,500. What was the amount of dividends

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Ridge Crest Co. has beginning Retained Earnings of $39,000, ending Retained Earnings of $41,500, and net income of $23,500. What was the amount of dividends declared during the year? Multiple Choice $21000 $15.500 $2,50 $23.500

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