Multiple Choice
A company had a beginning balance in retained earnings of $43,000.It had net income of $6,000 and paid out cash dividends of $5,625 in the current period.The ending balance in retained earnings account is equal to:
A) $108,625
B) $(12,625)
C) $11,375
D) $43,375
E) $(11,375)
Correct Answer:
Verified
Correct Answer:
Verified
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