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  3. digman co. had retained earnings of $400,000 on ja

Digman Co. had retained earnings of $400,000 on January 1 st....

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Accounting

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Digman Co. had retained earnings of $400,000 on January 1 st. It made a net income of $200,000 in the year \& paid out $100,000 in dividends to its common shareholders. The balance of retained earnings at December 31 st would be

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