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Tantramar Corporation Has the Following Shareholders Equity on July 31

question 30

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Tantramar Corporation has the following shareholders equity on July 31, 2020: Shareholders' equity
Share capital Tantramar Corporation has the following shareholders equity on July 31, 2020: Shareholders' equity Share capital Assume that during the following year the company had profit of $ 65,000 and declared and paid dividends of $ 15,000. The beginning balance of retained earnings on the statement of retained earnings for the year ended July 31, 2021 is A) $ 500,000. B) $ 565,000. C) $ 550,000. D) cannot be determined from the information provided. Assume that during the following year the company had profit of $ 65,000 and declared and paid dividends of $ 15,000. The beginning balance of retained earnings on the statement of retained earnings for the year ended July 31, 2021 is

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