You own a $36,800 portfolio that is invested in Stocks A and B. The portfolio beta is equal to the market beta. Stock A has an e
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Answer:
Explanation:
Before preparing the retained earning statement, first we have to compute the closing balance of retained earning which is shown below:
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
= $7,900 + $13,500 - $7,000
= $14,400
The statement of retained earnings is presented in the spreadsheet. Kindly find the attachment below:
