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For the year ended December 31, a company has revenues of $318,000 and expenses of $196,500. The company paid $50,400 in dividends during the year.
For the year ended December 31, a company has revenues of $318,000 and expenses of $196,500. The company paid $50,400 in dividends during the year. The balance in the Retained earnings account before closing is $82,000.
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The dividends account is a temporary account that is closed at the end of each accoun...
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Modern Advanced Accounting In Canada
Authors: Hilton Murray, Herauf Darrell
7th Edition
1259066487, 978-1259066481
