Multiple Choice
At January 1, 2014, LeAnna Industries reported retained earnings of $195,000. During 2014, LeAnna had a net loss of $45,000 and paid dividends of $30,000. At December 31, 2014, the amount of retained earnings is
A) $195,000.
B) $210,000.
C) $150,000.
D) $120,000.
Correct Answer:
Verified
Correct Answer:
Verified
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