In its most recent financial statements, Newhouse Inc. reported $50 million of net income and $810 million of retained earnings. The previous…

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3. In its most recent financial statements, Newhouse Inc. reported $50 million of net income and $810 million of retained earnings. The previous retained earnings were $780 million. How much in dividends was paid to shareholders during the year?Question:In its most recent financial statements, Newhouse Inc. reported $50 million of net income and$810 million of retained earnings. The previous retained earnings were $780 million. How much…