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Calculate the ending balance in retained earnings account

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Question - A corporation reported a net income of $200,000 for its fiscal year and declared and paid cash dividends of $80,000. A stock dividend recorded at $40,000 was also distributed during the year. If the beginning balance of the Retained Earnings account was $60,000, Calculate the ending balance in the Retained Earnings account.

Reference no: EM132017819

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