What is the year-end balance in retained earnings

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Statement of Retained Earnings Z, Corp. began the year 2008 with $2.5 million in retained earnings. The firm earned net income of $7.2 million in 2008 and paid $2.85 million to its common stockholders. What is the year-end 2008 balance in retained earnings for Z? $6.85 million $12.55 million $9.7 million $1.85 million

Reference no: EM131346452

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