Faith Homes, Inc. had beginning Retained Earnings of $162,739 on January 1, 2025. During the...
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Faith Homes, Inc. had beginning Retained Earnings of $162,739 on January 1, 2025. During the year, the company declared and paid $42,315 of cash dividends and earned $60,517 of net income. What is the balance in Retained Earnings on December 31, 2025? A. $223,266 B. $265,571 C. $180.941 D. $59,907
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