For the year ending December 31, 2017, Soto Inc. reports net income $170,000 and dividends $85,000. Prepare

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For the year ending December 31, 2017, Soto Inc. reports net income $170,000 and dividends $85,000. Prepare the retained earnings statement for the year assuming the balance in retained earnings on January 1, 2017, was $220,000.

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Accounting Principles

ISBN: 978-1118875056

12th edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Mar 02, 2015 10:05 AM

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For the year ending December 31, 2017, Soto Inc. reports net income $170,000 and dividends $85,000. Prepare

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Accounting Principles

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