Question
The retained earnings account had a beginning credit balance of $26,600. During the period, the business had a net loss $12,550, and the company paid
The retained earnings account had a beginning credit balance of $26,600. During the period, the business had a net loss $12,550, and the company paid dividends of $8,750. The ending balance in the retained earnings account is:
A. $39,150.
B. $5,300.
C. $30,400.
D. $14,050.
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Auditing Principles A Systems Based Approach
Authors: Howard F. Stettler
5th Edition
0130517224, 9780130517227
