Statement of stockholders’ equity in its most recent financial statements, newhouse inc. reported $50 million of net income and $810 million of retained earnings. the previous retained earnings were $780 million. newhouse has 10 million shares outstanding. a. how much in dividends were paid to shareholders during the year

The Company paid usd 2  per share.

Explanation:

Initial Retained Earnings: $ 780 mill.

Current Net Income :       $ 50  mill.

Subtotal :                          $ 830 mill.

Actual Retained Earnings  :  $ 810 mill.

The difference of $ 20 mill. was the dividends paid to shareholders, if were 10 million of share outstanding, it means usd 2/Share.

answer; dogs;

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