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3. Statement of Retained Earnings: Pinson Company began the year with retained earnings of $210,000. During the year, the company recorded revenues of $300,000, expenses
3. Statement of Retained Earnings: Pinson Company began the year with retained earnings of $210,000. During the year, the company recorded revenues of $300,000, expenses of $228,000, and paid dividends of $24,000. What was Pinson's retained earnings at the end of the year?
$258,000 | |
$282,000 | |
$306,000 | |
$486,000 |
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