Business, 20.12.2019 03:31 lisnel

Blossom corporation has retained earnings of $715,500 at january 1, 2020. net income during 2020 was $1,435,900, and cash dividends declared and paid during 2020 totaled $79,600. prepare a retained earnings statement for the year ended december 31, 2020. assume an error was discovered: land costing $88,040 (net of tax) was charged to maintenance and repairs expense in 2019.

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Blossom corporation has retained earnings of $715,500 at january 1, 2020. net income during 2020 was...

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