Question
A firm began operations on January 1, 2013, with contributed capital of $50,000. 2013 2014 Revenue $253,000 $572,000 Expense $125,400 $258,500 Dividends $ 35,200 $
A firm began operations on January 1, 2013, with contributed capital of $50,000.
2013 2014
Revenue $253,000 $572,000
Expense $125,400 $258,500
Dividends $ 35,200 $ 83,600
What was Retained Earnings at the end of each of the years? (Show the solution )
2013 2014
A. $ 92,400 $322,300
B. $127,600 $229,900
C. $ 92,400 $313,500
D. $127,600 $322,300
E. $ 92,400 $229,900
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Financial And Managerial Accounting
Authors: Jan R. Williams, Joseph V. Carcello, Mark S. Bettner, Sue Haka, Susan F. Haka
14th International Edition
0071101217, 9780071101219
