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Selected information from the accounts of Company A at December 31, Year 5, follows: Total income since incorporation:$420,000 Total cash dividends paid:$130,000 Total value of
Selected information from the accounts of Company A at December 31, Year 5, follows:
Total income since incorporation:$420,000
Total cash dividends paid:$130,000
Total value of property dividends distributed:$30,000
Excess of proceeds over cost of treasury stock sold, accounted for using the cost method:$110,000
In its December 31, Year 5, financial statements, what amount should Company A report as retained earnings?
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