Pager Corporation began 2021 with retained earnings of $220 million. Revenues during the year were $500...
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Pager Corporation began 2021 with retained earnings of $220 million. Revenues during the year were $500 million, and expenses totaled $370 million. Pager declared dividends of $58 million. What was the company's ending balance of retained earnings? To answer this question, prepare Pager's statement of retained earnings for the year ended December 31, 2021, complete with its proper heading. ... Prepare the statement of retained earnings. (Enter all amounts in millions. Enter a net loss with a minus sign or parentheses. Include a subtotal after the "Add" line of the statement.) Add: Subtotal Less: (millions) 100 Pager Corporation began 2021 with retained earnings of $220 million. Revenues during the year were $500 million, and expenses totaled $370 million. Pager declared dividends of $58 million. What was the company's ending balance of retained earnings? To answer this question, prepare Pager's statement of retained earnings for the year ended December 31, 2021, complete with its proper heading. ... Prepare the statement of retained earnings. (Enter all amounts in millions. Enter a net loss with a minus sign or parentheses. Include a subtotal after the "Add" line of the statement.) Add: Subtotal Less: (millions) 100
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