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At January 1, 2014, Alligator Industries reported retained earnings of $130,000. During 2014, Alligator had a net loss of $30,000 and paid dividends of $15,000. At December 31, 2014, the amount of retained
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At January 1, 2014, Alligator Industries reported retained earnings of $130,000. During 2014, Alligator had a net loss of $30,000 and paid dividends of $15,000. At December 31, 2014, the amount of retained earnings is

User Kalls
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30 votes
30 votes

Answer:

the ending retained earning balance is $85,000

Step-by-step explanation:

The computation of the ending retained earning balance is shown below:

= Opening retained earnings - net loss - dividend paid

= $130,000 - $30,000 - $15,000

= $85,000

Hence, the ending retained earning balance is $85,000

The same should be considered and relevant

User Coletl
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