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Problem - Computation of Retained Earnings

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Problem - Computation of Retained Earnings

The following information has been taken from the ledger accounts of Isaac Stern Corporation

Total income since incorporation 317,000

Total cash dividends paid 60,000

Total value of stock dividends distributed 30,000

Gains on treasury stock transactions 18,000

Unamortized discount on bonds payable 32,000

Required - Determine the current balance of retained earnings.

Reference no: EM132456409

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