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A company had a beginning balance in retained earnings of $434,000. It had net income of $67,000 and declared and paid cash dividends of $72,000

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A company had a beginning balance in retained earnings of $434,000. It had net income of $67,000 and declared and paid cash dividends of $72,000 in the current period. The ending balance in retained earnings equals: Multiple Choice $439,000 $429,000. $506,000

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