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The ending Retained Earnings balance of Lambert Inc. was $13.9 million this year. The company's...

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Accounting

The ending Retained Earnings balance of Lambert Inc. was $13.9 million this year. The company's net income earned during the year is $9.2 million and the dividends declared were $6.1 million. What was the beginning balance in Retained Earnings? A. $15.3 million B. $10.8 million C. $9.2 million D. $6.1 million

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