Homework Answers
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Cullumber Company |
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Retained Earnings Statement |
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For the year ended December 31,2020 |
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Balance as on January 01,2020 |
$215000 |
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Add: Net Income |
$130000 |
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$345000 |
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Less: Dividends |
$80000 |
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Balance as on December 31,2020 |
$265000 |
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