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The ending Retained Earnings balance of Lambert Incorporated increased by $1.8 million from the beginning...

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Accounting

The ending Retained Earnings balance of Lambert Incorporated increased by $1.8 million from the beginning of the year. The company's net income earned during the year is $5.4 million. What is the amount of dividends Lambert Incorporated declared and paid?
Multiple Choice
$1.8 million
$3.6 million
$5.4 million
$7.2 million
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