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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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8 years ago
The beginning balance in the Common Stock account of a company was $14,000. The revenues and expenses were $240,000 and $100,000, respectively. During the year, the company declared and paid dividends of $7,000. The ending balance in the Retained Earnings was $133,000. (Assume that the opening balance of Retained Earnings was zero.)
A) True
B) False
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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TanksTanks
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H3Ko Author
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#2
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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#3
5 years ago
thanksks
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#4
5 years ago
thanks helped
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#5
5 years ago
thanks
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