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Business, 15.04.2020 01:50 tus

On January 1, Bennett Corporation had Retained Earnings of $650,000. During the year, Bennett Corporation had the following selected transactions: declared cash dividends of $100,000; corrected overstatement of prior year net income because of depreciation error of $50,000; earned net income of $400,000; and declared stock dividends of $50,000. The ending balance for Retained Earnings is .a. $850,000.
b. $900,000.
c. $1,150,000.
d. $950,000.

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On January 1, Bennett Corporation had Retained Earnings of $650,000. During the year, Bennett Corpor...
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