Question
A company had a beginning balance in retained earnings of $44,700. It had net income of $7,700 and declared and paid cash dividends of $6,050
A company had a beginning balance in retained earnings of $44,700. It had net income of $7,700 and declared and paid cash dividends of $6,050 in the current period. The ending balance in retained earnings equals:
Multiple Choice
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$58,450.
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$46,350.
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$43,050.
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$13,750.
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$6,050.
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Audit Proofing Your Return
Authors: Jr. Wade, Jack Warren
1st Edition
002622240X, 978-0026222402
