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A company had the following revenues, expenses and dividends in its first three years of operations: Revenues Year 1 $12,000 $7,500 $1,000 Year 2 |
A company had the following revenues, expenses and dividends in its first three years of operations: Revenues Year 1 $12,000 $7,500 $1,000 Year 2 | Year 3 $20,000 $30,000 $14,000 $21,500 $2,000 $3,000 Expenses Dividends What is the balance in Retained Earnings at the end of the third year
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