How much in dividends were paid to shareholders during the


In its most recent financial statements, Newhouse Inc. reported $55 million of net income and $660 million of retained earnings. The previous retained earnings were $627 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. Round your answer to the nearest dollar, if necessary.

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Financial Management: How much in dividends were paid to shareholders during the
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