Solved: Tricycle corp began the year 2008 with 25 million in, Dissertation

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Tricycle corp began the year 2008 with 25 million in

Statement of Retained Earnings

TriCycle, Corp. began the year 2008 with $25 million in retained earnings. The firm earned net income of $7.5 million in 2008 and paid $1.05 million to its preferred stockholders and $3.05 million to its common stockholders. What is the year-end 2008 balance in retained earnings for TriCycle?

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Dissertation: Tricycle corp began the year 2008 with 25 million in

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