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Problem 2-6 Statement of Retained Earnings In its most recent financial statements, Del-Castillo Inc. reported...

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Finance

Problem 2-6 Statement of Retained Earnings

In its most recent financial statements, Del-Castillo Inc. reported $35 million of net income and $990 million of retained earnings. The previous retained earnings were $970 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000.

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