Multiple Choice
Mountain Company earns a net income of $430,500 and pays dividends of $39,000 during the period. Mountain has ending retained earnings of $733,500.
The balance in Mountain's beginning retained earnings must have been:
A) $516,000
B) $391,500
C) $469,500
D) $342,000
Correct Answer:
Verified
Correct Answer:
Verified
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