FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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. Moody Instruments had
income for 2018 totaled $200,000, and dividends declared for 2018 were $55,000. How much
retained earnings should Moody report at December 31, 2018?
a. $500,000
b. $445,000
c. $300,000
d. $355,000
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