Business, 12.06.2020 17:57 grumpygreengori

Dayton Corporation began the current year with a retained earnings balance of $17,669. During the year, the company corrected an error made in the prior year, which was a failure to record a depreciation expense of $3,103 on equipment. Also, during the current year, the company earned net income of $17,044 and declared cash dividends of $4,444. Compute the year-end retained earnings balance. a.$27,166 b.$17,669 c.$42,260 d.$30,269

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Dayton Corporation began the current year with a retained earnings balance of $17,669. During the ye...

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