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Determine the amount of sherwood retained earnings

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Question - At the end of 2018, Sherwood Company had retained earnings of $18,300. During 2019, Sherwood had revenues of $837,100 and expenses of $791,900, and paid cash dividends in the amount of $38,640. Determine the amount of Sherwood's retained earnings at December 31, 2019.

Reference no: EM133180197

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