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What is the companys retained earnings balance

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Question - A company's retained earnings balance at the beginning of the year is $45,600. Its Common Stock account balance is $73,000, and its Paid-in Capital in Excess of Par - Common Stock balance is $33,000, at the end of the year. Net income for the year is $31,000. Cash dividends declared and paid during the year is $4,700.

Required - What is the company's retained earnings balance at the end of the year?

Reference no: EM132529568

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