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At January 1 2022 Troyer Industries Reported Retained Earnings of $350000.During

Question 129

Multiple Choice

At January 1 2022 Troyer Industries reported Retained Earnings of $350000.During 2022 Troyer had a net loss of $75000 and paid dividends to the stockholders of $50000.At December 31 2022 the balance in Retained Earnings is


A) $350000
B) $300000
C) $275000
D) $225000

Correct Answer:

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