Retained Earnings
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Common stock is $29,562 and retained earnings are $58,425 is currently what is on balance sheet. Suppose next year the company posts $43,000 in net profit and 16,00 in dividends. what will the companies ending balance for retained earnings be next year?
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Solution determines the ending balance for retained earnings next year.
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Ending balance for Retained earnings next year=beginning retained ...
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- BEng (Hons) , Birla Institute of Technology and Science, India
- MSc (Hons) , Birla Institute of Technology and Science, India
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