Business, 20.03.2020 08:02 alishabhappy1

On January 1, Bennett Corporation had retained earnings of $650,000. During the year, Bennett Corporation had the following selected transactions: declared cash dividends of $100,000; placed a restriction on retained earnings for a plant expansion of $50,000; earned net income of $400,000; and declared stock dividends of $50,000. The ending balance for retained earnings is:

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On January 1, Bennett Corporation had retained earnings of $650,000. During the year, Bennett Corpor...

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