Assume DEF company's beginning Retained Earnings was $33 and during the year its cash increased by $3, it had Revenues of $3, its owners contributed an additional $7 to increase their ownership stake in the company, it had Expenses of $6 and declared and paid $2 of dividends. Compute DEF's Retained Earnings at the end of the year?

Answer rating: 100% (QA)

Sure Heres how to compute DEFs ending retained earnings 1 Identify the relevant accounts Beginning R... View the full answer