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Business, 21.04.2020 22:22 michellectucker1982

In Q1 2018, CNA Companies reports the following transactions:

Capital expenditures of $15 million
Loss on sale of equipment of $6 million
Debt principal repayment of $8 million
Preferred dividend of $2 million
Common dividend of $3 million
Share buyback of $4 million
Ignoring the effect of taxes, what is the impact of these transactions on retained earnings?

A. ($9 million)
B. ($11 million)
C. ($16 million)
D. ($38 million)

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Answers: 2

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In Q1 2018, CNA Companies reports the following transactions:

Capital expenditures of $1...
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