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Harrison Harrison
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If the balance in Retained Earnings on January 1, 2013 was zero, then a credit balance in Retained Earnings on December 31, 2013 (after closing revenue and expense accounts) represents net income for the accounting period providing that no dividends were declared.
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Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
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msayed2004msayed2004
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6 years ago
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Harrison Author
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6 years ago
Thank you, thank you, thank you!
sweetalia
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Yesterday
this is exactly what I needed
julymontalvo
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2 hours ago
Good timing, thanks!
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