Moore Industries Moore Industries Began Operations on January 2, 2017, with an with an Investment

Multiple Choice

Moore Industries
Moore Industries began operations on January 2, 2017, with an investment of $50,000 by each of its two stockholders. Net income for its first year of business was $240,000. Moore Industries paid a total of $100,000 in dividends to its stockholders during the year.



-Read the information about Moore Industries.What is the company's retained earnings balance at December 31,2017?

A) $140,000
B) $190,000
C) $240,000
D) $340,000