A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and declared and paid cash dividends of $56,250 in the current period. The ending balance in retained earnings equals:.
a. $426,250.
b. $433,750.
c. $490,000.
d. $546,250.
e. $116,250.
Answers: 3
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A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and...
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