Multiple Choice
Smith Company had retained earnings of $60,000 at the end of the current year.For the current year,income was $30,000 and dividends $10,000.What was the balance in retained earnings at the end of the prior year?
A) $30,000
B) $40,000.
C) $60,000
D) $30,000.
E) $70,000
Correct Answer:
Verified
Correct Answer:
Verified
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