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Assume that Swanson's retained earnings at February 28, 2016, totaled $2,285,000, and at March 31, 2016, retained earnings were $2,320,000.Assume also that the cash dividend
Assume that Swanson's retained earnings at February 28, 2016, totaled $2,285,000, and at March 31, 2016, retained earnings were $2,320,000.Assume also that the cash dividend of part b above was declared.Calculate Swanson's net income or loss for March.
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