Multiple Choice
At January 1, 2015, Jay Corporation had a credit balance of $5,450,000 in its retained earnings account.During the year, Jay paid $250,000 in dividends, reported profit of $560,000 and other comprehensive income of $750,000.The December 31 balance of retained earnings is
A) $5,760,000.
B) $5,950,000.
C) $6,200,000.
D) $6,450,000.
Correct Answer:
Verified
Correct Answer:
Verified
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