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Problem:

ABC Company had beginning retained earnings of $1.198. During the year, the company reported sales of $21, 449, costs of $6,696, depreciation of $1.744, dividends of $737, and interest paid of $2, 118. The tax rate is 15%.

Task:

What is the retained earnings balance at the end of the year? Explain in detail and please show your all workings.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91146332

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