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QUESTION 9 A company has a beginning balance in retained earnings of $1,450, net income during the year of $400, and a distribution to owners
QUESTION 9 A company has a beginning balance in retained earnings of $1,450, net income during the year of $400, and a distribution to owners of $150. What is the balance in retained earnings at the end of the year? O a. $1,300 O b. $1,400 O c. $1,500 O d. $1,700 QUESTION 10 An analyst has compiled the following information regarding ABC Corporation. Liabilities at year-end - $500 Contributed capital at year-end - $500 Beginning retained earnings = $600 Revenue during the year = $5,000 Expenses during the year = $4,300 Dividends paid during the year = $200 What is the estimated balance in total assets at year-end? O a. $2,100 b. $2,300 O c. $2,800 O d. $3,200
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