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What was the amount of dividends paid in that year

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Reference no: EM132861460

Question 1: In a given year the shareholders' equity increased from 12,000 to 13,500. There were no new stock issues or stock buybacks in that year. If the net income for the year was $1,900 what was the amount of dividends paid in that year?

a. 400

b. 500

c. 600

d. 700

Reference no: EM132861460

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