A company reports profits of $12 million. As a result, the company decides to issue dividends at
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Question:
A company reports profits of $12 million. As a result, the company decides to issue dividends at a rate of 33% of the total profits to its shareholders. How much in total will the company release as dividends? Round your answer to the nearest dollar. Do NOT round until you have calculated the final answer.
Related Book For
Understanding Financial Accounting
ISBN: 978-1118849385
1st Canadian Edition
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
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