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0 Crawford Company started the year with $40,000 in its Common Stock account and a Debit balance in Retained Earnings of $10,000. During the year,
0 Crawford Company started the year with $40,000 in its Common Stock account and a Debit balance in Retained Earnings of $10,000. During the year, the company earned net income of $24,000 and declared and paid $10,000 of dividends. The company also sold additional common stock amounting to $14,000. As a result, the amount of its retained earnings at the end of the year would be O $78,000 $4,000. O $50,000. O $24,000
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