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Anastaziya [24]
2 years ago
13

The accountant for TI Company is preparing the company's statement of cash flows for the fiscal year just ended. The following i

nformation is available:
Retained earnings balance at the beginning of the year $166,000
Cash dividends declared for the year 52,000
Net income for the year 99,500.

What is the ending balance for retained earnings?
Business
1 answer:
dem82 [27]2 years ago
6 0

Answer:

$213,500.

Explanation:

Retained earnings balance at the beginning of the year $ 166,000

- Cash dividends declared for the year   52,000

+ Net income for the year   99,500

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