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What is the year-end balance in retained earnings

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Question - Mr. Husker's Tuxedos Corp. began the year 2015 with $278 million in retained earnings. The firm earned net income of $44 million in 2015 and paid dividends of $5 million to its preferred stockholders and $14 million to its common stockholders.

What is the year-end 2015 balance in retained earnings for Mr. Husker's Tuxedos?

Reference no: EM132056443

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