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A Firm Has Beginning Retained Earnings of $4,200 and Ending

Question 47

Multiple Choice

A firm has beginning retained earnings of $4,200 and ending retained earnings of $4,650.What is the amount of dividends paid if the firm earned a net income of $1,950?


A) $450
B) $1,950
C) $2,400
D) $1,500
E) $900

Correct Answer:

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