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Calculate the balance of retained earnings each year

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Reference no: EM132876878

Question - Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period 2009-2018. Volunteers began operations in 2010, while Raiders began several years earlier.

Required - Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time.

Reference no: EM132876878

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