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Q. question 5

The ending Retained Earnings balance of Lambert Inc. increased by $1.7 million from the beginning of the year. The company's net income earned during the year is $5.1 million. What is
the amount of dividends Lambert Inc. declared and paid?
Multiple Choice
$3.4 million
$6.8 million
$1.7 million
$5.1 million
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Transcribed Image Text:The ending Retained Earnings balance of Lambert Inc. increased by $1.7 million from the beginning of the year. The company's net income earned during the year is $5.1 million. What is the amount of dividends Lambert Inc. declared and paid? Multiple Choice $3.4 million $6.8 million $1.7 million $5.1 million
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