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Business, 30.11.2019 00:31 snowprincess99447

Dad’s towing inc. began and ended the year with a retained earnings balance of $420,000 and $530,000, respectively. dad’s reported net income during the year of $185,000. the only transaction that affected retained earnings was the declaration and payment of a cash dividend. determine the amount of dividends declared and paid by dad’s towing during the year.

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Dad’s towing inc. began and ended the year with a retained earnings balance of $420,000 and $530,000...

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