spinthunter1801 spinthunter1801

11-03-2024
Business

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On January 1, 2022, Swifty Corporation had retained earmings of $537,000. During the year, Swifty had the following selected transactions.
1. Declared cash dividends $115,000.
2. Earned net income $354,000.
3. Declared stock dividends $62,000.
Determine the retained earnings balance at the end of the year.

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