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What is the balance of retained earnings

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Question - Biglo Chemical Company reported the following in the statement of comprehensive income for the year ended December? 31:

Income from continuing operations before tax ?$600,000

Income tax expense ?(140,000)

Net income ?460,000

Other comprehensive income ?110,000

Comprehensive income ?240,000

During the? year, the company paid? $60,000 in dividends and purchased treasury stock with a par value of? $10,000 at a cost of? $70,000. If the balance of Retained Earnings at the beginning of the year was? $380,000, what is the balance of Retained Earnings at the end of the? year?

Reference no: EM132862892

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