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What should be the current balance of retained earnings

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Reference no: EM132889604

Problem - Prince Corporation's accounts provided the following information at December 31, 2019:

Total income since incorporation $840,000

Total cash dividends paid 260,000

Total value of stock dividends distributed 60,000

Additional paid-in capital from treasury stock 140,000

Required - What should be the current balance of retained earnings?

Reference no: EM132889604

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