Retained earnings relations. The balance sheet of Ruby Tuesday, a restaurant chain, showed retained earnings of $326
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Retained earnings relations. The balance sheet of Ruby Tuesday, a restaurant chain, showed retained earnings of $326 million at the end of Year 12. Net income for Year 12 was $58 million and dividends declared and paid during Year 12 totaled $3 million. Compute the amount in retained earnings at the end of Year 11.
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Related Book For
Financial Accounting Introduction To Concepts Methods And Uses
ISBN: 9780324222975
11th Edition
Authors: Clyde P. Stickney, Roman L. Weil
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