Columbia Construction Company earned $451,888 during the year. After paying out $225,794 in dividends, the balance went
Question:
Columbia Construction Company earned $451,888 during the year. After paying out $225,794 in dividends, the balance went into retained earnings. If the firm’s total retained earnings were $846,972 at the end of the year, what were the retained earnings on the balance sheet at the start of the year?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781119795438
5th Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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