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wel
3 years ago
7

Retained earnings, December 31, 2019 $315,450

Business
1 answer:
Alisiya [41]3 years ago
3 0

Answer:

See below

Explanation:

Ending retained earnings = Beginning retained earnings + net profit - dividend

$315,450 = Beginning retained earnings + $33,900 - $6,750

Beginning retained earnings = $288,300

Therefore, retained earning balance is $288,300

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