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How much in dividends did the firm pay

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Question - On 12/31/13, Bunratty Industries reported retained earnings of $800,000 on its balance sheet, and it reported that it had $400,000 of net income during the year. On its previous balance sheet, at 12/31/12, the company had reported $500,000 of retained earnings. No shares were repurchased during 2013. How much in dividends did the firm pay during 2013? Show the entire calculation for credit.

Reference no: EM133145177

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