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What was the net profit earned by bradshaw corporation

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Question - On December 31, 2018, the Bradshaw Corporation had $485,000 as an ending balance for its retained earnings account. During 2019, the corporation declared a $3.50/share dividend to its stockholders. The Bradshaw Corporation has 35,000 shares of common stock outstanding. When the books were closed for 2019 year end, the corporation had a final retained earnings balance of $565,000. What was the net profit earned by Bradshaw Corporation during 2019?

Reference no: EM132633452

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