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Ajax Inc. had profits of $200,000 for the year

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solution


Question

Ajax Inc. had profits of $200,000 for the year. Their retained earnings account grew from $800,000 at the beginning of the year to $950,000 by year end. How much did the firm pay out in dividends?

 

Paper#33647 | Written in 18-Jul-2015

Price : $27
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