Multiple Choice
A firm has a year-end retained earnings balance of $220,000 for 2018.The firm reported net profits after taxes of $50,000 and paid dividends of $30,000 in 2019.The firm's retained earnings balance at 2019 year end is ________.
A) $240,000
B) $250,000
C) $270,000
D) $300,000
Correct Answer:
Verified
Correct Answer:
Verified
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