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Koala Corp: Stock dividends and splits

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Koala Corp began 2008 with a $280,000 credit balance in retained earnings. The company had $490,000 in revenues and $310,000 in expenses during the year. The company also paid dividends of $25,000 to its shareholders. What would the balance in Koala's earnings account at the end of 2008?

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Solution Summary

The solution computes the balance in Koala's earnings account at the end of 2008.

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