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A Firm's Year-End Retained Earnings Balance Are $670,000 and $560,000

Question 59

Multiple Choice

A firm's year-end retained earnings balance are $670,000 and $560,000 for 2014 and 2015, respectively. The firm reported net profits after taxes of $100,000 in 2015. The firm paid dividends of ________ in 2015.


A) $10,000
B) $100,000
C) $110,000
D) $210,000

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