End-of-year balance in retained earnings

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Reference no: EM13829736

Jamaica Tours, Inc., started the year with a balance of retained earnings of $1,780 million. The company reported net income for the year of $284 million and paid dividends of $17 million to the preferred stockholders and $59 million to common stockholders. Calculate Jamaica Tour’s end-of-year balance in retained earnings

Reference no: EM13829736

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