At the beginning of the year, Entity J had a retained earnings balance of $60,000. During the year, the following occurred: Revenues $75,000 Expenses $35,000
At the beginning of the year, Entity J had a retained earnings balance of $60,000. During the year, the following occurred: Revenues $75,000 Expenses $35,000 Cash dividends to shareholders $3,000 Purchase of land $15,000 What is ending retained earnings?
| $100,000 | ||
| $97,000 | ||
| $103,000 | ||
| $82,000 |
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Authors: Hans Ulrich Westhausen
1st. Aufl. 2016 Edition
3658121963, 978-3658121969
