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Ending Retained Earnings Balance

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Ending balance for retained earnings. See attached file for full problem description.

The accountant for Robinson Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:

What is the ending balance for retained earnings?

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Solution Summary

The solution explains how to calculate the ending retained earnings balance.

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The ending retained earnings are given as
Opening Balance + Net Income - Dividends for the year
The figure ...

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