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Determine the current balance of retained earnings

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Question 1: The following information has been taken from the ledger accounts of Control Corporation.

Total income since incorporation              $334,000

Total cash dividends paid                          62,000

Total value of stock dividends distributed     32,000

Gains on treasury stock transactions           17,000

Unamortized discount on bonds payable       33,000

Problem 1: Determine the current balance of retained earnings.

Point 1: Current balance of retained earnings = ?

Reference no: EM132462149

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