How much were dividends, At December 31, the balance in

How much were dividends

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Problem

On January 1, a company's balance in retained earnings was $10,000,000. At December 31, the balance in retained earnings was $9,400,000. Get the instant assignment help. If the company earned net income of $440,000 during the year, how much were dividends?

Reference no: EM133905919

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