Multiple Choice
A company had a beginning balance in retained earnings of $400,000.It had net income of $50,000 and paid out cash dividends of $55,000 in the current period.The ending balance in retained earnings equals:
A) $505,000.
B) $405,000.
C) $395,000.
D) $455,000.
E) $350,000.
Correct Answer:
Verified
Correct Answer:
Verified
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