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Bennett Incorporated was organized four years ago. At the end of the current year, the following financial data are available: Beginning retained earnings Cash
Bennett Incorporated was organized four years ago. At the end of the current year, the following financial data are available: Beginning retained earnings Cash Other assets Revenues Dividends Required: $ 233 Common stock 221 603 1,501 Ending retained earnings Expenses Liabilities 300 Complete the following three statements: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete the following statement: BENNETT INCORPORATED Statement of Stockholders' Equity For the Year Ended December 31, Current Year Beginning Add: Net income Less: Dividends Ending Common Stock Retained Earnings $ 320 $ 233 300 $ 320 320 ? 1,361 431
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