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Calculate the ending retained earnings for the year ended December 31, 20Y1 using the information provided: Details Amount Retained Earnings at December 31, 20Y0 $1,550,000
Calculate the ending retained earnings for the year ended December 31, 20Y1 using the information provided:
| Details | Amount |
| Retained Earnings at December 31, 20Y0 | $1,550,000 |
| Dividends | $890,000 |
| Net profit for the year 20Y1 | $620,000 |
A) $1,280,000
B) $1,820,000
C) $2,170,000
D) $3,060,000
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Modern Internal Auditing An Operational Approach
Authors: Victor Zinn Brink
3rd Edition
0471065242, 978-0471065241
