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Hcbc paid 112 million in dividends to its common

Henry Irons Corp. (HIC) reported retained earnings of $420 million on it 20Y4 balance sheet. HIC also reported net income of $266 million on its 20Y5 income statement. HCBC paid $112 million in dividends to its common shareholders during 20Y5. What amount of retained earnings did HIC report on its 20Y5 Balance Sheet?

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Finance Basics: Hcbc paid 112 million in dividends to its common

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