Essay
Glascock Corporation had a balance in Retained Earnings on December 31,2012,of $520,000.During 2013,the company reported a net income of $224,000 after taxes.During 2013,the company declared and paid cash dividends totaling $32,000.Prepare the company's statement of retained earnings for the year ended December 31,2013.
Correct Answer:
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Correct Answer:
Verified
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