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Slide32 - Statement of Retained Earnings Note how the...

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Unformatted text preview: Statement of Retained Earnings - Note how the combined statement of income and retained earnings is anchored to the balance sheet equation Assets = Liabilities + Paid-in Capital + Retained earnings /—/% [Beginning balance + Revenues - Expenses - Dividends] [5?,900 + 1?6.000 - 112,100 - $50,000] a; Ending Retained Earnings Balance = $11,800 ...
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