Reference no: EM131827199
Calculate the cash dividends paid out to common stockholders based on the following information:
Balance of retained earnings, December 31, 2016 = 382,000,000
Net Income for 2017 14,000,000
Dividends paid to preferred stockholders1,000,000
Balance of retained earnings, December 31, 2017372,000,000
(Answer in Millions of dollars, with no 0s or $ sign needed, e.g. xx, or 12)
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Webster companies retained earnings account
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