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What is the ending balance for retained earnings

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Reference no: EM133075543

Question - The accountant for TI Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:

Retained earnings balance at the beginning of the year $176,000

Cash dividends declared for the year 56,000

Net income for the year 104,500

Required - What is the ending balance for retained earnings?

Reference no: EM133075543

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