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What is the ending retained earnings balance

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Question - The following information is available for Novak Corporation.

Retained earnings beginning balance $106000

Dividends paid during the year $160000

Cash dividends declared $62000

Revenue $97000

Expenses $73000

Required - What is the ending retained earnings balance?

a. $44000

b. $130000

c. $144000

d. $68000

Reference no: EM132515143

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