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The Kroger Co. is one of the largest retailers in the United States and also manufactures and processes some of the food for sale in its supermarkets. Kroger reported the following January 31 balances in its stockholders' equity accounts (dollars in millions): Current Year Prior Year Common stock $ 968 $ 932 Paid-in capital 3,336 3,101 Retained earnings 7,419 6,380 During the current year, Kroger reported net income of $1,241. How much did Kroger declare in dividends for the year?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9978548

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