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At the end of Year 2, retained earnings for the Baker Company was $2,550. Revenue earned by the company in Year 2 was $2,800, expenses
At the end of Year 2, retained earnings for the Baker Company was $2,550. Revenue earned by the company in Year 2 was $2,800, expenses paid during the period were $1,500, and dividends paid during the period were $900. Based on this information alone, what was the amount of retained earnings at the beginning of Year 2? Multiple Choice O $1250 $2.950 O $5.500 a $2150
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