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Prepare a retained earnings statement for 2014

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Reference no: EM131905002

The following information is available for Paper Inc.: Beginning retained earnings

$600,000

Cash dividends declared

30,000

Net income for 2014

140,000

Stock dividend declared

10,000

Understatement of last year's depreciation expense

30,000

Instructions

Based on the preceding information, prepare a retained earnings statement for 2014

Reference no: EM131905002

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