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Fundamentals of Financial Manageme...

15th Edition
Eugene F. Brigham + 1 other
ISBN: 9781337395250

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BuyFindarrow_forward

Fundamentals of Financial Manageme...

15th Edition
Eugene F. Brigham + 1 other
ISBN: 9781337395250
Textbook Problem

STATEMENT OF STOCKHOLDERS’ EQUITY 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.

Summary Introduction

To determine: The dividends paid by Company N.

Introduction:

Statement of Stockholders’ Equity:

Statement of the stockholders equity reports the opening and closing balance of stockholders equity with the changes incurred during the accounting period.

Explanation

Working note:

Dividends

Dividends=Retained Earnings AvailableEnding Retained Earnings=$859

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