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A corporation reported a net income of $90,000 for its fical year and declared and paid cash dividends of $60,000. A stock dividend recorded at
A corporation reported a net income of $90,000 for its fical year and declared and paid cash dividends of $60,000. A stock dividend recorded at $30,000 was also distributed during the year. If the beginning balance of the retained earnings account was $140,000, the ending balance is: a) $230,000 b) $170,000 c) $140,000 d) $130,000
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