What is beginning retained earnings if net loss was 10,000, dividends declared were 48,000, and ending...
What is beginning retained earnings if net loss was 10,000, dividends declared were 48,000, and ending retained earnings was 115,000
Homework Answers
Ending Retained Earnings = Beginning Retained Earnings - Net
Loss - Dividend Declared
Beginning Retained Earnings = 115000 + 10000 + 48000 = 173,000
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Net Income
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