Question
Georges Gems December 31, 20x4, balance sheet shows retained earnings of $736,234. Its 20x5 budgeted income statement shows net income of $106,235. The cash budget
Georges Gems December 31, 20x4, balance sheet shows retained earnings of $736,234. Its 20x5 budgeted income statement shows net income of $106,235. The cash budget for 20x5 shows dividends of $20,000. Determine the retained earnings balance on Georges December 31, 20x5, budgeted balance sheet. A : $842,469 B : $822,469 C : $812,469 D : $802,469
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Employee Relations Audits
Authors: C. Jennings, W. E. J. McCarthy, R. Undy
1st Edition
0415786614, 978-0415786614
