Question
A company had a beginning balance in retained earnings of $44,100. It had net income of $7,100 and paid out cash dividends of $5,900 in
A company had a beginning balance in retained earnings of $44,100. It had net income of $7,100 and paid out cash dividends of $5,900 in the current period. The ending balance in retained earnings equals:
$57,100.
$45,300.
$13,000.
$5,900.
$42,900.
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Management Accounting And Control Systems An Organizational And Sociological Approach
Authors: Norman B. Macintosh, Paolo Quattrone
2nd Edition
0470714476, 978-0470714478
