Multiple Choice
Dimension Inc.had net income for 2016 of $24,000.It declared and paid a $13,000 cash dividend in 2016.If the company's retained earnings for the end of the year were $39,600, what was the company's retained earnings balance at the beginning of 2016?
A) $28,600
B) $50,600
C) $76,600
D) $2,600
Correct Answer:
Verified
Correct Answer:
Verified
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