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Choco Co. has beginning retained earnings balance of $12,465 in the year 2020. Net income for the year 2020 was $24,000. Choco Co, paid a

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Choco Co. has beginning retained earnings balance of $12,465 in the year 2020. Net income for the year 2020 was $24,000. Choco Co, paid a total of $10,000 in dividends to its stockholders during the year. How much is ending retained earnings on December 31, 2020

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