Multiple Choice
A corporation has a year end 2001 retained earnings balance of $220,000. The firm reported net income after taxes of $50,000 in 2002 and paid dividends in 2002 of $30,000. The firm's retained earnings balance at year end 2002 is ___________ .
A) $270,000
B) $300,000
C) $240,000
D) $250,000
Correct Answer:
Verified
Correct Answer:
Verified
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