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    Ending Retained Earnings Account

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    12. Nelson Company had equity accounts in 2000 as follows:

    Common Stock ($1 Par Value) $120,000
    Retained Earnings 32,000
    Total Share holder's Equity $152,000

    Projected income is $150,000 and the dividend per share to be paid immediately is 40%. What will the ending retained earnings account be?

    A. $ 90,000
    B. $ 92,000
    C. $122,000
    D. $210,000
    E. $242,000

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    https://brainmass.com/business/accounting/ending-retained-earnings-account-242985

    Solution Preview

    Nelson Company had equity accounts in 2000 as follows:

    Common Stock ($1 Par Value) $120,000
    Retained Earnings ...

    Solution Summary

    The response provides the steps to compute the ending retained earnings account.

    $2.19

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