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A company had a beginning balance in tetained earnings of $412,000, It had net income of $56,000 and declared and paid cash dividends of $61,000

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A company had a beginning balance in tetained earnings of $412,000, It had net income of $56,000 and declared and paid cash dividends of $61,000 in the current period. The ending balance in retained earnings equals: Muitiple Choice 5473.000 5529,000 3356000 $407000 5417000

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