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Title: On January 1, 2014, Guided Light Corporation's Retained Earnings account had a balance of $275,000. ... Post by: Bored. on Nov 10, 2017 On January 1, 2014, Guided Light Corporation's Retained Earnings account had a balance of $275,000. During 2014, cash dividends of $50,000 were declared and stock dividends with a market value of $40,000 were declared. Net income for 2014 amounted to $120,000. What is the balance in Retained Earnings appearing on the statement of shareholders' equity on December 31, 2014?
A) $305,000 B) $185,000 C) $395,000 D) $345,000 Title: Re: On January 1, 2014, Guided Light Corporation's Retained Earnings account had a balance of ... Post by: msayed2004 on Nov 10, 2017 Content hidden
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