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Unformatted text preview: Income before taxes (Income Tax Expense) Income Before Extraordinary Items +/- Extraordinary Items, net of tax Net Income Statement of Retained Earnings C& L Enterprises For the year ended 12/31/07 (or month ended) Beginning Retained Earnings $100 Net Income 140 (from the income statement) Dividends ( 30) Ending Retained Earnings $210 (goes to year end balance sheet) Expanded Income Statement/Retained Earnings Example...
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- Spring '08
- Income Statement