Question
A company had a beginning balance in retained earnings of $44,500. It had net income of $7,500 and declared and paid cash dividends of $6,000
A company had a beginning balance in retained earnings of $44,500. It had net income of $7,500 and declared and paid cash dividends of $6,000 in the current period. The ending balance in retained earnings equals:
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$13,500.
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$43,000.
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$58,000.
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$46,000.
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$6,000.
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