Gordon Corporation had $102,000 of retained earnings at the beginning of the year. It had $87,000 of

Question:

Gordon had $102,000 of retained earnings at the beginning of the year. It had $87,000 of financial accounting income and paid $45,000 in dividends. What is the corporation's ending retained earnings balance?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...