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In the Statement of Stockholders' Equity,Retained Earnings Had a Beginning

Question 37

Multiple Choice

In the statement of stockholders' equity,Retained Earnings had a beginning balance of $60,000.During the period,the company reports a net loss of $10,000 and net cash outflows of $15,000.The ending balance in the Retained Earnings account is:


A) $60,000.
B) $35,000.
C) $50,000.

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