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HUD, Co. had a beginning retained earnings of $30,020. For the year, the company had net income of $6,715 and paid dividends of $2,645. The
HUD, Co. had a beginning retained earnings of $30,020. For the year, the company had net income of $6,715 and paid dividends of $2,645. The company also issued $4,595 in new stock during the year. What is the ending retained earnings balance?
a. $34,615
b. $38,685
c. $29,495
d. $32,665
e.$34,090
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