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You have been hired as an accounting intern for Buckeye Insulation and Acoustics. You have been asked to prepare the statement of retained earnings based
You have been hired as an accounting intern for Buckeye Insulation and Acoustics. You have been asked to prepare the statement of retained earnings based on the following data: Cash dividends $ 50,000 Expenses 363,800 Revenues 635,200 Retained earnings appropriated, January 1 150,000 Stock dividends 125,300 Unappropriated retained earnings, January 1 460,975 How much will you report for ending retained earnings? a. $707,075 b. $832,375 c. $407,075 d. $557,075
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