RETAINED EARNINGS STATEMENT McGregor Company had the following balances and results for the current calendar year: Retained

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RETAINED EARNINGS STATEMENT McGregor Company had the following balances and results for the current calendar year:

Retained earnings, January 1.......$60,000

Cash dividends declared........5,000

Net income for the year........20,000

Prepare a retained earnings statement for the year ended December 31, 20--.

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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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Question Posted: Dec 20, 2011 10:41 AM

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RETAINED EARNINGS STATEMENT McGregor Company had the following balances and results for the current calendar year: Retained

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