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Calculate balance in Mountain beginning retained earnings

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Question - Mountain Company earns a net income of $430,500 and pays dividends of $39,000 during the period. Mountain has ending retained earnings of $733,500.

Calculate the balance in Mountain's beginning retained earnings?

A. $516,000

B. $469,500

C. $391,500

D. $342,000

Reference no: EM132465405

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