Bigcorsquos balance sheet one year ago indicated retained, Ask an Expert

Economics

Bigco’s balance sheet one year ago indicated retained earnings of $448.7million. This year, Bigco’s net income was $36 million. It paid its preferred shareholders a dividend of $5.4 million and its common shareholders a regular dividend of $5.7 million and a special one time-dividend of $9.9 million. What should be the retained earnings amount on this year’s balance sheet?

(in millions)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91673573

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