Multiple Choice
For the first three years of operations,the company reports net income of $1,000,$2,000,and $3,000,and pays dividends of $500,$1,000,and $1,000.What is the balance of retained earnings at the end of the third year?
A) $2,000.
B) $2,500.
C) $3,500.
D) $6,000.
Correct Answer:
Verified
Correct Answer:
Verified
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