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From the Following Information, Determine the Beginning Balance in the Retained

question 72

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From the following information, determine the beginning balance in the Retained Earnings account.  Dividends $8,000 Ending Retained Earnings 24,000 Net Income 14,000 Paid- in Capital, beginning 29,000 Paid-in Canital ending 26,000\begin{array}{ll}\text { Dividends } & \$ 8,000 \\\text { Ending Retained Earnings } & 24,000 \\\text { Net Income } & 14,000 \\\text { Paid- in Capital, beginning } & 29,000 \\\text { Paid-in Canital ending } & 26,000\end{array}

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Definitions:

Existential Import

The implication that at least one instance of the subject in a categorical proposition exists.

Coherent Argument

An argument where all the premises logically support the conclusion and are consistent with each other.

Assert

To assert a fact or conviction with confidence and vigor.

Disjunctive Syllogisms

A form of logical argument where, from two propositions, each of which could be true or false, a definite conclusion is drawn.

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