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A Firm's Year-End Retained Earnings Balances Are $320,000 and $400,000

Question 35

Multiple Choice

A firm's year-end retained earnings balances are $320,000 and $400,000, for 2014 and 2015 respectively. The firm reported net profits after taxes of $100,000 in 2015. The firm's dividend payment for 2015 is ________.


A) $0
B) $20,000
C) $80,000
D) $100,000

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