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What is the amount of dividends lambert inc declared

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Reference no: EM132820857

Problem 1: The ending retained earnings balance of Lambert ink increased by 1.5 million from the beginning of the year. The companies net income earned during the year is 3.5 million. What is the amount of dividends Lambert inc declared and paid? (net income minus dividends equal the change in retained earnings)

Reference no: EM132820857

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