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The Income Statement for the Year 2014 of Poole Co

Question 254

Multiple Choice

The income statement for the year 2014 of Poole Co. contains the following information: The income statement for the year 2014 of Poole Co. contains the following information: At January 1, 2014, Poole reported Retained Earnings of $50,000. Dividends for the year totalled $10,000. At December 31, 2014, the company will report Retained Earnings of A) $17,500. B) $37,500. C) $40,000. D) $42,500. At January 1, 2014, Poole reported Retained Earnings of $50,000. Dividends for the year totalled $10,000. At December 31, 2014, the company will report Retained Earnings of


A) $17,500.
B) $37,500.
C) $40,000.
D) $42,500.

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