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A company began the year with retained earnings of $1,000.

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14. A company began the year with retained earnings of $1,000. Net income for the year was $250, it repaid $350 of its line of credit balance, and it paid dividends to its shareholders of $200. What was the company?s retained earnings at the end of the year? (Show calculation)

 

Paper#33988 | Written in 18-Jul-2015

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