Question: Testbank Multiple Choice Question 88 For the year ended December 31, 2020, Blossom Company reported the following: Net income $290000 Preferred dividends declared 48000 Common
Testbank Multiple Choice Question 88 For the year ended December 31, 2020, Blossom Company reported the following: Net income $290000 Preferred dividends declared 48000 Common dividend declared 9000 Unrealized holding loss, net of tax 4000 Retained earnings, beginning balance 380000 Common stock 198000 Accumulated Other Comprehensive Income, Beginning Balance 24000 What would Blossom report as the ending balance of Retained Earnings? O $613000 O $666000 O $635000 O $609000 Click if you would like to Show Work for this question: Qren Show Work
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