During the year the net income was 713445 and they paid out, Financial Management

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During the year the net income was 713445 and they paid out

Alabama Paper Mill, Inc. had a beginning retained earnings of $323,325. During the year the net income was $713,445 and they paid out 45% of net income in dividends. What was the ending retained earnings? Show solution in a statement of retained earnings format.

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Financial Management: During the year the net income was 713445 and they paid out

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