QUESTION 37 The following selected amounts are available for Clark Company. Retained earnings (beginning) Net loss Cash dividends declared Stock dividends declared $900 150 100 100 What is its ending retained earnings balance? $750 $800 $550 $700 QUESTION 38 Accounting for treasury stock is done by the FIFO method. LIFO method. cost method. lower of cost or market method. Debit Cash and credit Service Revenue QUESTION 33 During the year, Slick's Pet Shop's inventory decreased by 525.000. If the company's cost of goods sold for the year was 5500.000. purchases must have been 5475.000 $500,000. $525.000 Unable to determine. QUESTION 34 The operating expense section of an income statement for a wholesaler would not include freight-out. utilities expense. cost of goods sold. insurance expense. QUESTION 35 Click Save and Submit to save and submit. Click Save All Answers to save all answers DOL