Smith co had retained earnings of 60000 at the end of the


Smith Co had retained earnings of 60,000 at the end of the current year. For the current year, the income was 30,000 and dividends were 10,000. What was the balance in the retained earnings at the end of the prior year? 40,000 20,000 60,000.

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Financial Management: Smith co had retained earnings of 60000 at the end of the
Reference No:- TGS01714989

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