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At the beginning of the current year, Wilson Corporation had 130,000 shares of $1 par common stock outstanding and had retained earnings of $4,100,000. During the year, the company earned $1,605,000 and paid a year-end cash dividend of $4 per share. What was Wilson Corporation's retained earnings at the end of the year
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At the beginning of the current year, Wilson Corporation had 130,000 shares of $1 par common stock o...
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