Question
During the year, the following occurred to Entity K: Beginning retained earnings 25,000 Revenues $47,500 Expenses $15,000 Cash dividends to shareholders $2,000 Ending retained earnings?
During the year, the following occurred to Entity K: Beginning retained earnings 25,000 Revenues $47,500 Expenses $15,000 Cash dividends to shareholders $2,000 Ending retained earnings? What was the amount of ending retained earnings?
$70,500
$25,000
$57,500
$55,500
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
10th Edition
B010IKDQZM
