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Business, 21.02.2020 05:04 mmoore36

A company's balance of retained earnings on January 1 was $ 20 million. During the year, sales revenue was $ 70 million, while expenses totaled $ 30 million. The company declared and paid $ 6 million in cash dividends during the year. What was the balance of retained earnings at the end of the year?

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A company's balance of retained earnings on January 1 was $ 20 million. During the year, sales reven...
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