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Marcus Smith
on Dec 01, 2024

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The ending balance in retained earnings is:

A) $343,000.
B) $213,000.
C) $293,000.
D) $297,500.
E) $301,000.

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to its shareholders.

Fiscal Year

A 12-month period used for accounting purposes and preparing financial statements.

  • Gain an understanding of the parts and preparation involved in the statement of cash flows.
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Ashton GriffithDec 03, 2024
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