Multiple Choice
At January 1, 2010, LeAnna Industries reported retained earnings of $130,000.During 2011, LeAnna had a net loss of $30,000 and paid dividends of $20,000.At December 31, 2011, the amount of retained earnings is
A) $130,000.
B) $140,000.
C) $100,000.
D) $80,000.
Correct Answer:
Verified
Correct Answer:
Verified
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