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    Springsteen Music Company's Retained Earnings

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    I am not sure how to calculate the retained earning increase.

    Springsteen Music company earned $820 million last year and paid out 20 percent of earnings in dividends.

    How much did the company's retained earnings increase?

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    https://brainmass.com/business/finance/springsteen-music-companys-retained-earnings-150332

    Solution Summary

    This solution provides a calculation to determine the increase in a company's retained earnings.

    $2.49

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