Question
Fender Corporation had a zero balance in Retained Earnings on January 1, 2019. During the year, Fender had Net Income of $210,000 and had dividends
Fender Corporation had a zero balance in Retained Earnings on January 1, 2019. During the year, Fender had Net Income of $210,000 and had dividends of $30,000. What is the balance in Retained Earnings at the end of the year?
Question 1 options:
| $180,000 | |
| $240,000 | |
| $210,000 | |
| $30,000 | |
| None of the above |
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Managerial Accounting 1
Authors: Ray H. Garrison
1st Edition
1259114457, 978-1259114458
