Question
Faith Homes, Inc. had beginning Retained Earnings of $156,190 on January 1, 2025. During the year, the company declared and paid $48,738 of cash dividends
Faith Homes, Inc. had beginning Retained Earnings of $156,190 on January 1, 2025. During the year, the company declared and paid $48,738 of cash dividends and had a $57,232 of net loss. What is the balance in Retained Earnings on December 31, 2025?
A) $262,160
B) $213,422
C) $50,220
D) $164,684
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CISA Certified Information Systems Auditor All In One Exam Guide
Authors: Peter H. Gregory
4th Edition
1260458806, 978-1260458800
