Question: Tinder Inc had beginning retained earnings of 90 000 on January
Tinder, Inc. had beginning retained earnings of $90,000 on January 1, 2016. During the year, Tinder declared and paid $90,000 of cash dividends and earned $95,000 of net income. Prepare a statement of retained earnings for Tinder, Inc. for the year ending December 31, 2016.
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