Colonial paints net profits before taxesin 2016totaled
Colonial Paint's net profits before taxesin 2016totaled $420,000. The firm's ending retained earnings balance was $725,000 for2016and $617,000 for 2015. The firm's tax rate is 30%. What did Colonial Paint pay in dividends for 2016?
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colonial paints net profits before taxesin 2016totaled 420000 the firms ending retained earnings balance was 725000
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