Multiple Choice
Quartz Instruments had Retained Earnings of $145,000 at December 31,2015.Net income for 2016 was $90,000,and dividends for 2016 were $30,000.What amount of Retained Earnings should be reported at December 31,2016?
A) $205,000
B) $235,000
C) $140,000
D) $175,000
Correct Answer:
Verified
Correct Answer:
Verified
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