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Use the following equation and show how the Retained Earnings account has changed over the past two years. Retained earnings, beginning balance + Prior period

Use the following equation and show how the Retained Earnings account has changed over the past two years.

Retained earnings, beginning balance

+ Prior period adjustments

= Retained earnings, adjusted balance

+ Net Income

- Retirement of Treasury stock

- Dividends

= Retained earnings, ending balance

https://www.sec.gov/Archives/edgar/data/104169/000010416918000028/wmtform10-kx1312018.htm#sDEA3FCA046495FB18629174636D12377

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