Question
The following information is available for Rio Corporation. Retained earnings beginning balance $15,000; Dividends paid during the year $9,000; Cash dividends declared $10,000; Revenue $100,000;
The following information is available for Rio Corporation. Retained earnings beginning balance $15,000; Dividends paid during the year $9,000; Cash dividends declared $10,000; Revenue $100,000; Expenses $18,000. What is the ending retained earnings balance
a. None of the other alternatives are correct
b. 88,000
c. 5,000
d. 97,000
e. 87,000
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For Heintz/parrys College Accounting, Chapters 1-15, 22nd Edition, [instant Access]
Authors: James A. Heintz, Robert W. Parry
22nd Edition
1305669886, 9781305669888
