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Determine the current balance of retained earnings

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Question

The following information has been taken from the ledger accounts of Bramble Corporation.

Total income since incorporation$334,000

Total cash dividends paid62,000

Total value of stock dividends distributed32,000

Gains on treasury stock transactions17,000

Unamortized discount on bonds payable33,000

Determine the current balance of retained earnings.

Current balance of retained earnings$

Reference no: EM132324900

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