A firm's year-end retained earnings balance are $820,000 and $750,000 for 2018 and 2017, respectively....

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Finance

A firm's year-end retained earnings balance are $820,000 and $750,000 for 2018 and 2017, respectively. The firm reported net profits after taxes of $100,000 in 2018. The firm paid dividends of ________ in 2018.

Group of answer choices

$30,000

$40,000

$50,000

$55,000

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