AAA Inc. has a March 31 year end. Retained earnings at March 31, 2022, had a credit
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AAA Inc. has a March 31 year end. Retained earnings at March 31, 2022, had a credit balance of $65,000. During the 2023 fiscal year, net income was $21,000 and dividends of $12,000 were declared and paid. During the 2024 fiscal year, AAA had a net loss of $8,500 and dividends of $2,000 were declared but not yet paid. What are the retained earnings for AAA Inc. as at March 31, 2024?
Related Book For
Cost Management A Strategic Emphasis
ISBN: 9781259917028
8th Edition
Authors: Edward Blocher, David F. Stout, Paul Juras, Steven Smith
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