Question
Acme had net income of $53,000 and paid out cash dividends of $58,000 in the current year. Acme had a beginning balance in retained earnings
Acme had net income of $53,000 and paid out cash dividends of $58,000 in the current year. Acme had a beginning balance in retained earnings of $406,000. What is the ending balance in retained earnings?
Multiple Choice
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$353,000.
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$464,000.
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$401,000.
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$411,000.
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$517,000.
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A Standardized Financial Statement Auditing Framework For The Cloud Ecosystem Standards Principle Rules Volume 1
Authors: Cpa Citp Kilby
1st Edition
1636612237, 978-1636612232
