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Accounting

Problem:

A company had a beginning balance in retained earnings of $45,250. It had net income of $6,250 and paid out cash dividends of $5,875 in the current period. The ending balance in retained earnings account is equal to:

$114,750
$(12,125)
$33,125
$45,625
$(12,125)

Note: Provide support for your rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91163886

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