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    arpine.ashikyan's Avatar
    arpine.ashikyan Posts: 1, Reputation: 1
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    #1

    Sep 12, 2010, 10:55 PM
    Dividends
    My company expects profits to be close to $,000,000. The Board of directors has instructed me to increase Retained Earnings by approximately $2,000,000 withut issuing or retiring stock. What Divident will I pay shareholders this year?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Sep 13, 2010, 02:47 AM

    Please always start a new thread for your post instead of tagging onto other peoples'. I've moved yours to its own thread.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    Sep 13, 2010, 02:51 AM

    Also please see the guidelines for posting homework questions:
    https://www.askmehelpdesk.com/financ...-b-u-font.html

    I know this is homework because if you had really been instructed to increase retained earnings by $2 million dollars, you wouldn't be on here asking. You also may want to provide the info you left out.
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