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Posted on Mar 14, 2024

Bhandari Corporation has Retained Earnings of $ 2 , 5 0 0 , 0 0 0 on January 1 , 2 0 2 4 .

Bhandari Corporation has Retained Earnings of $

2, 500, 000

on January

1, 2024 .

The company reports

2024

net income of $

500, 000

and declares dividends of $

300, 000

during

2024 .

What amount will the company report for Retained Earnings on its

12 / 31 / 24

Balance Sheet?

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