Semaj, Inc. had beginning retained earnings of $110,000 on January 1, 2025. During the year, Semaj, Inc.
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Semaj, Inc. had beginning retained earnings of $110,000 on January 1, 2025. During the year, Semaj, Inc. declared and paid $80,000 of cash dividends and earned $60,000 of net income. Prepare a statement of retained earnings for Semaj, Inc. for the year ending December 31, 2025.
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Related Book For 
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780137858651
8th Edition
Authors: Tracie Miller Nobles, Brenda Mattison
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