Multiple Choice
During 2021, its first year of operations, Neko's Bakery had revenues of $60,000 and expenses of $35,000.The business paid dividends of $20,000.What is the amount of retained earnings at December 31, 2021?
A) $0
B) $5,000 credit
C) $25,000 credit
D) $20,000 debit
Correct Answer:
Verified
Correct Answer:
Verified
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