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Horizon Holdings Ltd. experienced the following transactions during the year: Issued common stock for $2,000,000 cash Paid dividends of $500,000 Calculate Horizon Holdings Ltd.'s Ending

Horizon Holdings Ltd. experienced the following transactions during the year:

Issued common stock for $2,000,000 cash

Paid dividends of $500,000 Calculate Horizon Holdings Ltd.'s Ending Retained Earnings if the beginning retained earnings were $5,000,000

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