Question
Alpha Company has an ending Retained Earnings balance of $52,200. If, during the year, the company paid dividends of $4,200 and had net income of
Alpha Company has an ending Retained Earnings balance of $52,200. If, during the year, the company paid dividends of $4,200 and had net income of $21,700, then what was the beginning Retained Earnings balance?
A: $23,600
B: $26,300
C: $300
D: $69,700
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South Western Federal Taxation 2017 Essentials Of Taxation Individuals And Business Entities
Authors: William A. Raabe, David M. Maloney, James C. Young, Annette Nellen
20th Edition
9780357109144
