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3 years ago

Stone Culture Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following:

Business

1 answer:

HACTEHA [7]3 years ago

7 0

Answer:

Statement of retained earnings

For the year ended 2017

Retained earnings, January 1, 2017 $0

Add: Net Income $54,000

Less: Dividends $<u>22,000</u>

Retained earnings, December 31, 2017 <u>$32,000</u>

Statement of retained earnings

For the year ended 2018

Retained earnings, January 1, 2018 $0

Add: Net Income $59,000

Less: Dividends <u>$34,000</u>

Retained earnings, December 31, 2018 <u>$25,000</u>

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1 year ago

Evaluate the following statement. "We shouldn’t generalize from what people do in the ultimatum game because $10 is a trivial am

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3 years ago

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