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company had a beginning balance in retained earnings of $44,000. It had net income of $7,000 and declared and paid cash dividends of $5,875 in

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company had a beginning balance in retained earnings of $44,000. It had net income of $7,000 and declared and paid cash dividends of $5,875 in the current eriod. The ending balance in retained earnings equals Multiple Choice 55.675 SA $42.75

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