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The following are the net income reported by Ajman LLC for the last four years. Year 1: OMR.40,000 Year 2: OMR.70,000 Year 3: OMR.50,000 Year
The following are the net income reported by Ajman LLC for the last four years. Year 1: OMR.40,000 Year 2: OMR.70,000 Year 3: OMR.50,000 Year 4: OMR.(10,000) The company paid no dividend till year 2 but for year 3 and 4 it paid dividend of 30,000 and 40,000. You are required to calculate the closing retained earning balance of year 4, from the following. A. OMR.60,000 B. None of the other options O C. OMR.80,000 D. OMR.170,000
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