Parker Company has a balance of $35,000 in retained earnings on January 1. During the year, Parker
Question:
Parker Company has a balance of $35,000 in retained earnings on January 1. During the year,
Parker reported revenues of $82,000 and expenses of $55,000. Parker also paid a dividend of $8,000.
Required:
What is the amount of retained earnings on December 31?
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Anurag Agrawal
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