The records of Biloxi Corp. for calendar 2 0 2 3 reflected the following correct pre -
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Question:
The records of Biloxi Corp. for calendar reflected the following correct pretax amounts: gain from discontinued operations, $; cash dividends declared and paid, $; retained earnings, January $ correction of accounting error, $ debit; income before income taxes and before discontinued operations, $ The average income tax rate of applies to all items except the dividends.
Instructions
Calculate the December ending balance of retained earnings.
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