At December 31, 2017, Shorts Company had retained earnings of $2,184,000, accounting homework help

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Question Description

At December 31, 2017, Shorts Company had retained earnings of $2,184,000. During 2017, the company issued stock for $98,000, and paid dividends of $34,000. Net income for 2017 was $402,000. How much was the retained earnings balance at the beginning of 2017?




Tutor Answer

klara998
School: Duke University

The beginning balance of retained earnings...

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Anonymous
Thanks, good work

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