Question
ABC Company has an ending Retained Earnings balance of $52,600. If during the year ABC paid dividends of $4,600 and had net income of $21,700,
ABC Company has an ending Retained Earnings balance of $52,600. If during the year ABC paid dividends of $4,600 and had net income of $21,700, then what was the beginning Retained Earnings balance? Multiple Choice $69,700 $35,500 $26,300 $29,600
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Corporate Accounting Vol 1
Authors: Dr S. Kr. Paul, Prof. Chandrani Paul
1st Edition
164725146X, 9781647251468
