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On January 1, 2022, Oriole Company had retained earnings of $539,000. During the year, Oriole had the following selected transactions. 1. Declared cash dividends
On January 1, 2022, Oriole Company had retained earnings of $539,000. During the year, Oriole had the following selected transactions. 1. Declared cash dividends $115,000. 2. Earned net income $358,000. 3. Declared stock dividends $61.000. Determine the retained earnings balance at the end of the year. (List items that increase retained earnings first.) Oriole Company Retained Earnings Statement
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
