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Business, 21.07.2020 19:01 emily965692

Bagwell's net income for the year ended December 31, Year 2 was $175,000. Information from Bagwell's comparative balance sheets is given below. At December 31: Year 2 Year 1
Common Stock, $5 par value $500,000 $450,000
Paid-in capital in excess of par 948,000 853,000
Retained earnings 688,000 582,000
Compute the cash paid for dividends during Year 2:.
a) $79,000
b) $201,000
c) $95,000
d) $50,000
e) $69,000

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Bagwell's net income for the year ended December 31, Year 2 was $175,000. Information from Bagwell's...
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