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Mathematics, 05.02.2021 01:00 slend3rpiggy

Carla Vista Company reported retained earnings at December 31, 2019, of $317,000. Carla Vista had 190,000 shares of common stock outstanding at the beginning of 2020. The following transactions occurred during 2020.
1.A cash dividend of $0.35 per share was declared and paid.

2. A 5% stock dividend was declared and distributed when the market price per share was $15 per share.
Net income was $290,000.

3.Compute the ending balance in retained earnings at the end of 2020.

Retained earnings
$

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Carla Vista Company reported retained earnings at December 31, 2019, of $317,000. Carla Vista had 19...
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