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  3. [77] gleim #: 14.4.91 renton corporation had a beg

[77] Gleim #: 14.4.91 Renton Corporation had a beginning balance of unappropriated retained earnings of...

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Accounting

[77] Gleim #: 14.4.91 Renton Corporation had a beginning balance of unappropriated retained earnings of $200,000 and net income per the books of $250,000. During the year, it paid cash dividends of $120,000, had a loss on sale of securities of $7,000, and received a refund of the previous years income taxes of $12,000. What is its ending balance of unappropriated retained earnings for the year?

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