Solution-What will budgeted Retained Earnings be on June

What will budgeted Retained Earnings be on June

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Reference no: EM132841384

Question - Black Inc.'s budgeted net income for the second quarter is $35,000. Planned equipment purchases are $25,000 in April and $5,000 in June. Dividends will be declared and paid in June in the amount of $8,000. If Retained Earnings was budgeted to be $236.000 as of March 31, what will budgeted Retained Earnings be on June 30th?

Reference no: EM132841384

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What will budgeted Retained Earnings be on June

Reference no: EM132841384

Reference no: EM132841384

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