Multiple Choice
A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and paid out cash dividends of $56,250 in the current period. The ending balance in retained earnings equals:
A) $490,000.
B) $116,250.
C) $433,750.
D) $546,250.
E) $426,250.
Correct Answer:
Verified
Correct Answer:
Verified
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