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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

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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 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 3, from the following. A. None of the other options B. OMR. 130,000 C. OMR.110,000 D. OMR.50,000

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