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In its most recent financial statements, Nessler Inc. reported $30 million of net income and $330 million of retained earnings. The previous retain earnings were $317 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million

In its most recent financial statements, Nessler Inc. reported $30 million of net income and $330 million of retained earnings. The previous retain earnings were $317 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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In its most recent financial statements, Nessler Inc. reported $30 million of net income and $330 million of retained earnings. The previous retained earnings were $317 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. $
Transcribed Image Text:In its most recent financial statements, Nessler Inc. reported $30 million of net income and $330 million of retained earnings. The previous retained earnings were $317 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. $
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