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ill thunbs you up QS 3-23 (Algo) Analyzing closing entries on retained earnings LO PO Ace Company reports revenues of $48,000 and expenses of $34,200.
ill thunbs you up 
QS 3-23 (Algo) Analyzing closing entries on retained earnings LO PO Ace Company reports revenues of $48,000 and expenses of $34,200. The company paid $8,200 cash in dividends this period. After closing entries are recorded, determine the amount of the increase or decrease in the Retained Earnings account. ok SNCOS Amount of in the Retained Earnings account is Step by Step Solution
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
IFRS edition volume 2
978-0470613474, 470613475, 978-0470616314
