On its 123113 balance sheet acton inc showed 510 million of


On its 12/31/13 balance sheet, Acton, Inc. showed $510 million of retained earnings, and $700 million was shown in the prior year. Assuming that no earnings restatements were issued, is it possible that Acton paid dividends in 2013? Explain.

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Financial Management: On its 123113 balance sheet acton inc showed 510 million of
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