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igor_vitrenko [27]
2 years ago
13

Skysong, Inc. compiled the following financial information as of December 31, 2022:

Business
1 answer:
kifflom [539]2 years ago
3 0

Answer:

$459,000

Explanation:

The computation of the ending retained earning balance is shown below:

Ending retained earning balance is

= Opening retained earning balance + net income - dividend

where

Net income

= Service revenue - operating expenses

= $827,000 - $748,000

= $79,000

Now the ending retained earnings balance is

= $444,000 + $79,000 - $64,000

= $459,000

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B. Lopez Company reports unadjusted first-year merchandise sales of 221,000 and cost of merchandise sales of $64,000. The compan
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Which factor places this nation in the transitioning<br> category?
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