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makkiz [27]
3 years ago
10

In 2014, paxson incurred a net loss of $2,500. no dividends were declared or paid during 2014. what was paxson's retained earnin

gs balance one year earlier on december 31, 2013?
Business
1 answer:
tensa zangetsu [6.8K]3 years ago
8 0

Paxson's retained earnings balance one year earlier on December 31, 2013 was $24,500.00

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2 years ago
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Answer:

                 Sheridan Company

                  Income Statement

  For the year ended December 31, 202x

Sales revenue                                $170,400

Cost of goods sold                      <u>($129,600)</u>

Gross profit                                     $40,800

Period costs                                  <u>($24,000)</u>

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4 0
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