On 12/31/14, Hite Industries reported retained earnings of $500,000 on its balance sheet, and it reported that it had $100,000 of net income during the year. On its previous balance sheet, at 12/31/13, the company had reported $450,000 of retained earnings. No shares were repurchased during 2014. How much in dividends did the firm pay during 2014?

Answer rating: 100% (QA)

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