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 equals:
A) $54,625.
B) $42,625.
C) $11,625.
D) $43,375.
E) $49,000.
Correct Answer:
Verified
Correct Answer:
Verified
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