Question
The accountant for TI Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained
The accountant for TI Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:
| Retained earnings balance at the beginning of the year | $ 169,000 |
|---|---|
| Cash dividends declared for the year | 53,200 |
| Net income for the year | 101,000 |
What is the ending balance for retained earnings?
Multiple Choice
A. $216,800.
B. $14,800.
C. $270,000.
D. $291,000.
E. $115,800.
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Tax Audit Guidelines For The State Of California Employment Development Department
Authors: State Of California, Employment Development Department
1st Edition
B0C1J7KT6R, 979-8390634066
