Determine the dividends paid by the firm in 2009

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Reference no: EM1310015

The year-end 2008 balance sheet of Brandex INc. listed common stock and other paid-in capital at $1,100,000 and retained earnings at $3,400,000. The next year, retained earnings were listed at $3,700,000. The firm's net income in 2009 was $900,000. There were no stock repurchases during the year. What were the dividends paid by the firm in 2009?

Reference no: EM1310015

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