Problem 3-56 (LO. 5) Dove Corporation, a calendar year corporation, had the following information for 2019:...

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Problem 3-56 (LO. 5) Dove Corporation, a calendar year corporation, had the following information for 2019: Net income per bo

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Answer 1

Answer #1

Dove's unappropriated retained earnings balance as of December 31, 2019 = $1,032,260.00

Explanation

Dove Corporation
Retained Earnings Statement
For The Year Ended December 31, 2019
	$
Balance at beginning of year	796,010.00
Add: Net income (loss) per books	386,250.00
	1,182,260.00
Less: Cash dividend distributions	(150,000.00)
Balance at end of year	1,032,260.00

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Answer 2

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