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Concord Ltd. has retained earnings of NT$713,600 at January 1, 2022. Net income during 2022 was NT$1,675,300, and cash divide

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Answer #1
CONCORD LTD
RETAINED EARNING STATEMENT
December 31, 2022
Beginning balance 713600
Add: Net income 1675300
2388900
Less: Dividends -78500
Ending balance 2310400
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