Multiple Choice
At January 1, 2015, Alligator Industries reported retained earnings of $150,000. During 2015, Alligator had a net loss of $30,000 and paid dividends of $15,000. At December 31, 2015, the amount of retained earnings is
A) $105,000.
B) $120,000.
C) $135,000.
D) $165,000.
Correct Answer:
Verified
Correct Answer:
Verified
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