Use the following information to find dividends paid to common stockholders during2015. Balance of retained earnings, December
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Balance of retained earnings, December 31, 2014 S462m Plus: Net income for 2015 Less: Cash dividends paid Preferred stock Common stock 15m S1m Total cash dividends paid 7m Balance of retained earnings, December 31, 201.5 $470m
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Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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