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(Solution) - The company began the year with a balance

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The company began the year with a balance in its retained earnings account of $955,500. At the end of the year, net income of $176,000 was closed into the retained earnings account. The ending balance in the retained earnings account was $1,070,500. Dividends of how much were paid during the year?


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This question was answered on: Jul 11, 2017

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