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Posted on Jul 15, 2024

Quality Instruments had retained earnings of $ 3 2 0 , 0 0 0 at December 3 1 , 2 0 2 0 . Net

Quality Instruments had retained earnings of $

320, 000

at December

31, 2020 .

Net income for

2021

totaled $

215, 000,

and dividends declared for

2021

were $

95, 000 .

How much retained earnings should Quality report at December

31, 2021 ?

.

415, 000

.

440, 000

.

320, 000

.

535, 000

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