A company has a beginning retained earnings balance of $100,000. It has a net income of $50,000

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A company has a beginning retained earnings balance of $100,000. It has a net income of $50,000 for the current year and paid $10,000 to the owner as an owner withdrawal. The ending balance of retained earnings for the company is ?

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Financial Accounting in an Economic Context

ISBN: 978-1118582558

9th edition

Authors: Jamie Pratt

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Posted Date: May 04, 2024 09:52 AM

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A company has a beginning retained earnings balance of $100,000. It has a net income of $50,000

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Financial Accounting in an Economic Context

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