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Business, 19.02.2022 21:50 munch1239

Messer Company had retained earnings at the beginning of the current year of $590.000. During the year, the following activities occurred :
1. Net income of $88,000 was earned.
2. A cash dividend of $1.20 per share was declared and distributed on the 50,000 shares of common stock outstanding.
Prepare a Statement of Retained Earnings for the year

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Messer Company had retained earnings at the beginning of the current year of $590.000. During the...
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