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Compute the retained earnings balance at the beginning

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Question - At December 31, 2010, Shorts Company had retained earnings of $2,184,000. During 2010 they issued stock for $98,000, and paid dividends of $34,000. Net income for 2010 was $402,000. The retained earnings balance at the beginning of 2010 was:

$2,552,000

$1,816,000

$1,914,000

$2,454,000

Reference no: EM131803221

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