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How much in dividends did the firm pay

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Question - On 12/31/2020, Hite Industries reported retained earnings of $502,500 on its balance sheet, and it reported that it had $135,000 of net income during the year. On its previous balance sheet, at 12/31/2019, the company had reported $445,000 of retained earnings. No shares were repurchased during 2020. How much in dividends did the firm pay during 2020?

Reference no: EM133163636

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