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Bogus Goods Corp. has retained earnings for last year of $300, and had common stock...

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Accounting

Bogus Goods Corp. has retained earnings for last year of $300, and had common stock of $220, paid-in surplus of $180. The firm earned net income of $200 and paid a $40 dividend this current financial year. Determine the balance for Bogus Goods end of year retained earning

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