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. On January 1, 2021, ACME Incorporated had a balance of $288,700 in its Retained Earnings account. During the year, it declared $60,000 of cash
. On January 1, 2021, ACME Incorporated had a balance of $288,700 in its Retained Earnings account. During the year, it declared $60,000 of cash dividends and paid $65,000. Its profit after tax in 2...
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