In its recent income statement, a firm reported $25 million of net income, and in its year-end balance sheet, the firm reported
$405 million of retained earnings. The previous year, its balance sheet showed $390 million of retained earnings. What were the total dividends paid to shareholders during the most recent year?
a. $ 6,750,000
b. $10,000,000
c. $11,250,000
d. $ 5,000,000
e. $ 3,500,000
a. $ 6,750,000
b. $10,000,000
c. $11,250,000
d. $ 5,000,000
e. $ 3,500,000
1 answer:
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