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A company had a beginning balance in retained earnings of $44,300. It had net income of...

A company had a beginning balance in retained earnings of $44,300. It had net income of $7,300 and paid out cash dividends of $5,950 in the current period. The ending balance in retained earnings equals:

Multiple Choice

  • $45,650.

  • $13,250.

  • $42,950.

  • $57,550.

  • $5,950.

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