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At the End of Year 2,retained Earnings for the Baker

Question 27

Multiple Choice

At the end of Year 2,retained earnings for the Baker Company was $3,500.Revenue earned by the company in Year 2 was $1,500,expenses paid during the period were $800,and dividends paid during the period were $500.Based on this information alone,what was the amount of retained earnings at the beginning of Year 2?


A) $3,300
B) $3,700
C) $2,800
D) $3,800

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