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As of 12/31/X2, Alpha Inc. had $180 in total assets, $95 in total liabilities, and $40 in common stock. During 20X2, the company paid dividends
As of 12/31/X2, Alpha Inc. had $180 in total assets, $95 in total liabilities, and $40 in common stock. During 20X2, the company paid dividends of $10 and had net income of $25. What amount did Alpha show for retained earnings on 12/31/X1 (i.e., what was its beginning balance)
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