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14 April, 04:22

During the year, Lawson Company recorded revenues of $800,000, recorded expenses of $570,000, issued an additional $50,000 of common stock, and paid dividends of $40,000. Its ending retained earnings is 440,000. What was the company beginning retained earnings?

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  1. 14 April, 05:35
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    What was the company beginning retained earnings? $200000

    Explanation:

    Begining retained earnings 200000

    Income 230000

    Paid dividends - 40000

    Addition common stocks 50000

    Ending retained earnings 440000
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