Budget ending balance, What will be the budgeted ending

Budget ending balance

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Reference no: EM133971378

Question

Roberts and Company had a balance in their retained earnings account at the end of 2023 in the amount of 3,000,000. They have forecasted net income in 2024 in the amount of 800,000. They pay an estimated 35% of their net income in dividends. what will be the budgeted ending balance in retained earnings at the end of 2024 for Roberts and Company?

Reference no: EM133971378

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