If opening retained earnings were $70,000, ending retained earnings were $48,000, and cash dividends of $21,000 were

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If opening retained earnings were $70,000, ending retained earnings were $48,000, and cash dividends of $21,000 were declared and paid, the amount of retained earnings net income or net loss was ?

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Intermediate Accounting Reporting and Analysis

ISBN: 978-1285453828

2nd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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Posted Date: Apr 27, 2023 06:28 AM

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If opening retained earnings were $70,000, ending retained earnings were $48,000, and cash dividends of $21,000 were

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SOLUTION We can use the following formula to calculate the change in retained earnings Change in Ret... View the full answer

Intermediate Accounting Reporting and Analysis

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