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Business, 23.02.2021 03:10 tiffuuu

Waterway Industries started the year with $66000 in its Common Stock account and a credit balance in Retained Earnings of $48400. During the year, the company earned net income of $52800, and declared and paid $22000 of dividends. In addition, the company sold additional common stock amounting to $30800. As a result, the balance in retained earnings at the end of the year would be

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Waterway Industries started the year with $66000 in its Common Stock account and a credit balance in...

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