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2/24 mid Tiffin Company had retained earnings of $50,000 at the end of last year. For the current year, income was $20,000 and dividends $15,000.
2/24 mid
Tiffin Company had retained earnings of $50,000 at the end of last year. For the current year, income was $20,000 and dividends $15,000. What is the balance in retained earnings at the end of the current year?
a. 85,000
b. 45,000
c. 55,000
d. 60,000
e. none of the answers are correct
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