A corporation began the current year with 250000 of

Reference no: EM13598835

A corporation began the current year with $250,000 of unappropriated retained earnings. During the current year it earned $120,000 of net income, declared $75,000 of cash dividends, paid $50,000 of the cash dividends and purchased treasury stock costing $40,000. what is the current year-end balance in retained earnings?

Reference no: EM13598835

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