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    Exam 2: Essential Concepts in Finance: Part A
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    Ajax Inc Had Profits of $200,000 for the Year
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Ajax Inc Had Profits of $200,000 for the Year

Question 1

Question 1

Short Answer

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 dividend?

Correct Answer:

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