Question
On December 31, 2019, Galina, Inc. had a balance in its retained earnings account of $100,000. During the year Galina, Inc. had revenues of $80,000
On December 31, 2019, Galina, Inc. had a balance in its retained earnings account of $100,000. During the year Galina, Inc. had revenues of $80,000 and expenses of $45,000. In addition, the business paid cash dividends of $20,000. Given this information, what was Retained Eanrings on Galina, Inc.s balance sheet on December 31, 2020?
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
3rd Edition
0765636891, 9780765636898
