Multiple Choice
At the end of 2016,retained earnings for the Baker Company was $3,500.Revenue earned by the company in 2016 was $1,500,expenses paid during the period were $800,and dividends paid during the period were $500.Based on this information alone,retained earnings at the beginning of 2016 was
A) $3,300.
B) $3,700.
C) $2,800.
D) $3,800.
Correct Answer:
Verified
Correct Answer:
Verified
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