The
year-end 2010 balance sheet of Brandex Inc. listed common stock and
other paid-in capital at $1,400,000 and retained earnings at $3,700,000.
The next year, retained earnings were listed at $4,000,000. The firm’s
net income in 2011 was $930,000. There were no stock repurchases during
the year. What were the dividends paid by the firm in 2011?
Dividends paid
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