Essay
On December 31,2018,Bradshaw Corporation had $485,000 as an ending balance for its retained earnings account.During 2019,the corporation declared a $3.50/share dividend to its stockholders.The company has 35,000 shares of common stock outstanding.When the books were closed for 2019 year end,the corporation had a final retained earnings balance of $565,000.What was the net profit earned by Bradshaw Corporation during 2019?
Correct Answer:
Verified
Correct Answer:
Verified
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