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As of January 1, 2022, Elenas Store had a balance in its retained earnings account of R100 000. During the year Elenas Store had revenues
As of January 1, 2022, Elenas Store had a balance in its retained earnings account of R100 000. During the year Elenas Store had revenues of R30 000 and expenses of R45 000. In addition, the business paid cash dividends of R20 000. What is the balance in Retained Earnings at December 31, 2022 for Elenas Store? Question 5Answer A. R105 000 B. R95 000 C. R65 000 D. R115 000
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Management Accounting
Authors: Pauline Weetman
2nd Edition
0273718452, 978-0273718451
