Solved: How much was paid out in dividends, Financial Accounting

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How much was paid out in dividends

Response to the following problem:

Grace is reading the summary in the business pages of today's paper. In its annual report this year, Nowy Inc. reported a net income of s104 million. Last year, the company reported a retained earnings balance of $561 million, whereas this year it increased to s660 million.

How much was paid out in dividends this year?

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Financial Accounting: How much was paid out in dividends

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