A company started the year with retained earnings of $200,000. During the year, it reported net…

A company started the year with retained earnings of $200,000. During the year, it reported net…

A company started the year with retained earnings of $200,000. During the year, it reported net income of $80,000 and paid dividends of $50,000. Compute the company’s ending retained earnings.View Solution:
A company started the year with retained earnings of 200 000

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