P50,000 What is its ending retained earnings balance?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following selected amounts are available for Sanders Company
Retained earnings (beginning) - P1,000,000
Net loss - P100,000
Cash dividends declared - P100,000
Stock dividends declared - P50,000
What is its ending retained earnings balance?
P750,000
O P850,000
O P900,000
O P800,000
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