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Business, 09.03.2020 23:53 lakenyahar

Thelma and Louie, Inc. started the year with a balance of retained earnings of $542 million and ended the year with retained earnings of $584 million. The company paid dividends of $32 million to the preferred stockholders and $72 million to common stockholders. Calculate Thelma and Louieā€™s net income for the year.

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Thelma and Louie, Inc. started the year with a balance of retained earnings of $542 million and ende...
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