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In its recent income statement, Smith Software Inc. reported $9 million of net income, and...

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Accounting

In its recent income statement, Smith Software Inc. reported $9 million of net income, and in its year-end balance sheet, Smith reported $442 million of retained earnings. The previous year, its balance sheet showed $437 million of retained earnings. What were the total dividends paid to shareholders during the most recent year? (Answers are in $ millions.)
$5.00
$4.00
$9.00
$2.00
$16.00
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