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Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period 2 0 1 2 -
Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period Volunteers began operations in while Raiders began several years earlier.
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Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. Enter your answers in millions ie should be entered as Amounts to be deducted should be indicated by a minus sign.
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