Question 7 A company had a beginning balance in retained earnings of $430,000. It had net income and declared and paid cash dividends of $56,250 in the current period. The ending bala retained earnings equals: $546,250 $426,250 $116,250 $433.750 $490,000 Ouestion 8 D # W 16,250 433,750 $490,000 Question 8 The Discount on Common Stock account reflects The difference between the par value of stock disse price One share's portion of the issued corporation's recorded The difference between the par value of the stock and the amount paid-in is more than par value. An amount of assets defined by statelow that stadh is and The amount a corporation must pay in addition to retire a share of calable preferred stock Question 7 A company had a beginning balance in retained earnings of $430,000. It had net income and declared and paid cash dividends of $56,250 in the current period. The ending bala retained earnings equals: $546,250 $426,250 $116,250 $433.750 $490,000 Ouestion 8 D # W 16,250 433,750 $490,000 Question 8 The Discount on Common Stock account reflects The difference between the par value of stock disse price One share's portion of the issued corporation's recorded The difference between the par value of the stock and the amount paid-in is more than par value. An amount of assets defined by statelow that stadh is and The amount a corporation must pay in addition to retire a share of calable preferred stock