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The firms 2011 Retained Earnings account was $200,000. Their 2012 Retained Earnings was $250,000. They had Revenue of $150,000; General Expenses of $35,000; and Interest
The firms 2011 Retained Earnings account was $200,000. Their 2012 Retained Earnings was $250,000. They had Revenue of $150,000; General Expenses of $35,000; and Interest Expense of $15,000. They are in the 34% tax bracket. Determine if the firm paid dividends and if so how much.
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