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solina solina
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7 years ago
Grass Gadgets had sales of $30 million and net income of $2 million in 2015. Grass paid a dividend of $1.5 million. Assuming that their beginning balance for retained earnings was $3 million, calculate their ending balance for retained earnings.
A) $2.5 million
B) $3 million
C) $3.5 million
D) $4 million
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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vanrheevanrhee
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7 years ago
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solina Author
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#2
7 years ago
Thanks for helping me with my business management course
Heavy Heart Thank you bio-forums! Heavy Heart
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