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QS 13-6 Analyzing retained earnings LO? The Retained Earnings account for Callaho Inc. is shown below: Retained Earnings 50,000 120,000 (Balance Jan. 1/14) 300,000 (Balance

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QS 13-6 Analyzing retained earnings LO? The Retained Earnings account for Callaho Inc. is shown below: Retained Earnings 50,000 120,000 (Balance Jan. 1/14) 300,000 (Balance Dec. 31/14) 1. Calculate X 2. What does X represent? 3. What caused the debit of $50,000

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