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    Exam 16: Understanding Corporate Annual Reports: Basic Financial Statements
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    Beginning Retained Earnings Was $34,400
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Beginning Retained Earnings Was $34,400

Question 153

Question 153

Multiple Choice

Beginning retained earnings was $34,400.Ending retained earnings was $61,600 and net income was $36,000.Cash paid as dividends was_____.


A) $1,200
B) $8,800
C) $30,000
D) $36,000

Correct Answer:

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