Question
The following information is available for Cubic Company before closing the accounts. After all closing entries are made, what will be the balance in the
The following information is available for Cubic Company before closing the accounts. After all closing entries are made, what will be the balance in the Retained earnings account?
| Net income | $ | 126,500 |
| Retained earnings | 120,000 | |
| Dividends | 46,000 | |
Multiple Choice
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$1,047,500.
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$246,500.
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$200,500.
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$281,000.
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$126,500.
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Investment Management
Authors: Stephen Lofthouse
2nd Edition
047149237X, 9780471492375
