Lloyd Company ends the first year of operations with $2.2 million in retained earnings when no dividends were paid out.Since the company began operations on January 1^st,20B of the current year ending December 31^st,20B calculate the amount of beginning retained earnings and explain your answer.

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The Answer of Lloyd Company ends the first year of operations with $2.2 million in retained earnings when no dividends were paid out.Since the company began operations on January 1^st,20B of the current year ending December 31^st,20B calculate the amount of beginning retained earnings and explain your answer.

Lloyd Company Ends the First Year of Operations with $2