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pls help! A company had a beginning balance in retained earnings of ( $ 420,000 ). It had net income of ( $ 60,000 )
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A company had a beginning balance in retained earnings of \\( \\$ 420,000 \\). It had net income of \\( \\$ 60,000 \\) and declared and paid cash dividends of \\( \\$ 65,000 \\) in the current period. The ending balance in retained earnings equals: Multiple Choice \\( \\$ 425.000 \\) \\( \\$ 545,000 \\) \\( \\$ 360,000 \\) \\( \\$ 485.000 \\) \\( \\$ 415,000 \\) Step by Step Solution
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