Business
Business, 17.02.2020 21:31, susannaking5742

On January 1, Payson Inc. had a retained earnings balance of $20,000. During the year, Payson reported net income of $30,000 and paid cash dividends of $17,000. Calculate the retained earnings balance at its December 31 year-end.

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On January 1, Payson Inc. had a retained earnings balance of $20,000. During the year, Payson report...

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