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Statement of Retained Earnings $($Examples$).$

Example $(1)$ Mahmood Corporation had a year end $2019$ retained earnings balance of $$270,000.$ The firm reported net profits after taxes of $$80,000$ in $2020$ and paid dividends in $2020$ of $$50,000.$ The firm's retained earnings balance at year end $2020$ was

A$)$ $$240,000.$

B$)$ $$250,000$

C$)$

$$270,000.$

D$)$ $$300,000.$

Example $(2)$ Mahmood Industries, Inc., began $2019$ with retained earnings of $$25\mathrm{.}32$ million. During the year it paid dividends in $2019$ of $$750,000$ for preferred stockholders, and common stockholders, were paid dividends of $$3,850,000.$ The firm had a net profit after taxes of $$5\mathrm{.}15$ million. Prepare the statement of retained earnings for the year ended December $31,2019.$

Example $(3)$ Lina Corporation had year end $2018$ and $2019$ retained earnings balances of $$550,000$ and $$620,000,$ respectively. The firm reported net profits after taxes of $$160,000$ in $2019.$ The firm paid dividends in $2019$ of

A$)$ $$0.$

B$)$ $$50,000.$

C$)$ $$90,000.$

D$)$ $$110,000.$

Statement of Retained Earnings$-$ H$...$

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