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The company paid out 40 percent of all earnings in

De pleur's inc. had net income in 2104 of 1,735,000 and De Pluer's Inc. had net income in 2015 of 1,902,000. The company paid out 40 percent of all earnings in dividends in 2014 and 30 percent of all earnings in 2015.if retained earnings were reported as being 18,246,000 on De pleur's 2015 balance sheet, what did De Pleura report as retained earnings on its 2014 balance sheet?

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HR Management: The company paid out 40 percent of all earnings in

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