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What were retained earnings at the beginning of year

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Reference no: EM132652266

Problem 1: A company's net income this year was $171,622 and it paid $54,825 of dividends. If the company's current retained earnings are $428,661, what were its retained earnings at the beginning of the year?

A) $311,864

B) $313,823

C) $314,821

D) $312,638

E) $315,283

Reference no: EM132652266

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