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At January 1, 2022, Blossom Company reported Retained Earnings of $413000. During 2022, Blossom had a net loss of $88500 and paid dividends to the stockholders of $59000. At December 31, 2022, the balance in Retained Earnings is _______.

Respuesta :

Answer:

$265,500

Explanation:

Given that

Retained earning = $413,000

Net Loss = $88,500

Paid dividends to stockholders = $59,000

The computation of balance in Retained Earnings is shown below:-

Balance in Retained Earning = Retained earning - Net loss - Paid dividends to stockholders

= $413,000 - $88,500 - $59,000

= $413,000 - $147,500

= $265,500

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