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ABC Company had the following balances at the beginning of the accounting period: Common Stock $4,200 Retained Earnings $1,09
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Answer #1

The answer is option B $ 1,190

Ending Retained Earnings = Beginning Retained Earnings - Dividends paid + Net Income

= 1090 - 500 + ( 2500 - 1900)

= 590 + 600

= $ 1190

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