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Sagot :
Answer:
$665,400
Explanation:
The ending retained earnings are computed by taking the beginning retained earnings alongside the net income for the year while adjusting for both common and preferred stocks dividends
The ending retained earnings=beginning retained earnings+Net income-Preferred dividends-Common dividends
Unrealized holding loss would only have an impact on Accumulated Other Comprehensive Income.
The ending retained earnings=420000+305000-50500-9100
The ending retained earnings=$665,400
balance in Accumulated Other Comprehensive Income=24400-4800=$19,600
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