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    Dividend Paid Calculation

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    Mikes Meats reports retained earning for 2005 as $490,000. On its 2006 financial statement it reports $60,000 of net income and it ended 2006 with $510,000 of retained earnings.

    How much was paid as dividends to share holders in 06'?

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    Solution Summary

    The solution provides an example on how to calculate dividend when retained earning balance, net income are given.