A company started the year with retained earnings of $200,000. During the year, it reported net income

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A company started the year with retained earnings of $200,000. During the year, it reported net income of $80,000 and paid dividends of $50,000. Compute the company’s ending retained earnings.

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Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Question Posted: Jan 12, 2012 02:07 AM

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A company started the year with retained earnings of $200,000. During the year, it reported net income

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Ending retained earnings 200000 80000 500...View the full answer

Using Financial Accounting Information The Alternative to Debits and Credits

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