Question: Idea Inc had 375 000 of retained earnings at the beginning

Idea, Inc., had $375,000 of retained earnings at the beginning of the year and a balance of $590,000 at the end of the year. Net income for the year was $320,000. What caused the change in the retained earnings balance? Other than net income, how would any change in retained earnings be shown on the statement of cash flows?


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  • CreatedSeptember 01, 2014
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