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The Retained Earnings Account of Company XYZ Has a Balance

Question 49

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The retained earnings account of Company XYZ has a balance of $350,000 at the end of 2017.At the end of 2018 the following information is available. The retained earnings account of Company XYZ has a balance of $350,000 at the end of 2017.At the end of 2018 the following information is available. What is the amount of retained earnings at the end of 2018? What is the amount of retained earnings at the end of 2018?

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