Multiple Choice
A corporation had a year end 2004 retained earnings balance of $220,000. The firm reported net profits after taxes of $50,000 in 2005 and paid dividends in 2005 of $30,000. The firm's retained earnings balance at year end 2005 was
A) $240,000.
B) $250,000.
C) $270,000.
D) $300,000.
Correct Answer:
Verified
Correct Answer:
Verified
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