(10 pts) Millers company had retained earnings of $85,000 and stockholders' equity of $105,000 at the...
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(10 pts) Millers company had retained earnings of $85,000 and stockholders' equity of $105,000 at the beginning of 20X1. During 20X1, the company had a net income of $40,000, declared and paid cash dividends of $10,000 and had other comprehensive income of $15,000. The company neither issued nor bought back shares in that year. Compute A) the ending retained earnings and B) total stockholders' equity at the end of 20X1? (10 pts) Millers company had retained earnings of $85,000 and stockholders' equity of $105,000 at the beginning of 20X1. During 20X1, the company had a net income of $40,000, declared and paid cash dividends of $10,000 and had other comprehensive income of $15,000. The company neither issued nor bought back shares in that year. Compute A) the ending retained earnings and B) total stockholders' equity at the end of 20X1?
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