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betterway betterway
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7 years ago
On December 31, 2014, Bradshaw Corporation had $485,000 as an ending balance for its retained earnings account. During 2015, the corporation declared a $3.50/share dividend to its stockholders. The company has 35,000 shares of common stock outstanding. When the books were closed for 2015 year end, the corporation had a final retained earnings balance of $565,000. What was the net profit earned by Bradshaw Corporation during 2015?
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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Valued Member
7 years ago
See attached for solution.  Slight Smile
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5 years ago
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5 years ago
Nays ty Face with Stuck-out Tongue
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5 years ago
Thank you!
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5 years ago
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5 years ago
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5 years ago
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4 years ago
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4 years ago
thank you
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4 years ago
THANK YOU SOOO MIHCHHHCHC
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4 years ago
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4 years ago
Thank you
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