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Rocky Beach reports the following dollar balances in its retained earnings account. ($ millions) 2017 2016 Retained earnings............. 8,968.1 8,223.9 During 2017, Rocky Beach reported
- Rocky Beach reports the following dollar balances in its retained earnings account.
- ($ millions)2017 2016
- Retained earnings............. 8,968.1 8,223.9
- During 2017, Rocky Beach reported net income of $1,351.4 million. What amount of dividends, if any, did Rocky Beach pay to its shareholders in 2017?
- $607.2 million
- No dividends paid
- $301.2 million
- $744.2 million
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Intermediate Accounting 2014 FASB Update
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
15th edition
978-1118938782, 111893878X, 978-1118985311, 1118985311, 978-1118562185, 1118562186, 978-1118147290
