Paid dividends-preferred stockholders-common stockholders

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Mr. Husker’s Tuxedos Corp. began the year 2015 with $282 million in retained earnings. The firm earned net income of $46 million in 2015 and paid dividends of $7 million to its preferred stockholders and $16 million to its common stockholders. What is the year-end 2015 balance in retained earnings for Mr. Husker’s Tuxedos? (Enter your answer in millions of dollars.)

Reference no: EM13873443

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