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HUD Company had a beginning retained earnings of $30,605. For the year, the company had net income of $7.240 and paid dividends of $2.930. The

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HUD Company had a beginning retained earnings of $30,605. For the year, the company had net income of $7.240 and paid dividends of $2.930. The company also issued $5,030 in new stock during the year. What is the ending retained earnings balance? Multiple Choice $34.915 $39.945 $35,635 $33,535

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