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please explain, thank you Ace Company reports revenues of $46,500 and expenses of $33,600. The company paid $7.600 cash in dividends this period. After closing
please explain, thank you 
Ace Company reports revenues of $46,500 and expenses of $33,600. The company paid $7.600 cash in dividends this period. After closing entries are recorded. determine the amount of the increase or decrease in the Retained Earnings account. Amount of in the Retained Earnings account is increase decrease Step by Step Solution
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Accounting for Non-Accounting Students
Authors: John R. Dyson
8th Edition
273722972, 978-0273722977
