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Business, 11.06.2020 04:57 zeesharpe05

Anderson Corporation had a credit balance of $43,000 in its Retained Earnings account on December 31, 2014. Net income of $6,000 was reported on its income statement for the year ended December 31, 2015. Dividends in the amount of $5,625 were declared on December 31, 2015; the dividends are payable to the company's stockholders on February 1, 2016. The balance in its Retained Earnings account on December 31, 2015 equals .

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Anderson Corporation had a credit balance of $43,000 in its Retained Earnings account on December 31...
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