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Messer Company_statement of retained earnings

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Question;Messer Company had;retained earnings at the beginning of the current year of $590,000. During the;year, the following activities occurred;* Net income of $88,000 was earned;* A cash dividend of $1.20 per share was;declared and distributed on the 50,000 shares of common stock outstanding;Prepare a statement of retained earnings for the;year.

 

Paper#37199 | Written in 18-Jul-2015

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