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4. The balance in retained earnings at December 31, 2003 was ?810,000 and at December 31, 2004 was ?654,000. Net income for 2004 was ?563,000.

4. The balance in retained earnings at December 31, 2003 was ?810,000 and at December 31, 2004 was ?654,000. Net income for 2004 was ?563,000. A stock dividend was declared and distributed which...

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