In its most recent financial statements, Nessler Inc. reported $75 million of net income and $825 million of retained earnings. The previous retained earnings were $784 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid.

Intermediate Financial Management (MindTap Course List)
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Chapter6: Accounting For Financial Management
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Problem 6P: In its most recent financial statements, Del-Castillo Inc. reported 70 million of net income and 900...
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In its most recent financial statements, Nessler Inc. reported $75 million of net income and $825 million of retained earnings. The previous retained earnings were $784 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid.

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