Statement of Retained Earnings Ace Corporation has been in business for many years. Retained earnings on January

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Statement of Retained Earnings Ace Corporation has been in business for many years. Retained earnings on January 1, 2008, is

$235,800. The following information is available for the first two months of 2008:

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Required Prepare a statement of retained earnings for the month ended February 29, 2008.

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Financial Accounting The Impact On Decision Makers

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Authors: Gary A. Porter, Curtis L. Norton

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Statement of Retained Earnings Ace Corporation has been in business for many years. Retained earnings on January

Question:

January February Revenues $83,000 $96,000 Expenses 89,000 82,000 Dividends paid 0 5,000

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Financial Accounting The Impact On Decision Makers

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