Question
On June 1 Acme Inc. has Retained Earnings of $48970. Revenues for June were $5007. Expenses for June were $2621 In June the company paid
On June 1 Acme Inc. has Retained Earnings of $48970. Revenues for June were $5007. Expenses for June were $2621 In June the company paid out a total of $647 in dividends to its shareholders. What is the value of Retained Earnings on June 30?
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel
4th Canadian Edition
0470155353, 978-0470155356
