Question
The retained earnings account had a beginning credit balance of $26,550. During the period, the business had a net loss $12,750, and the company paid
The retained earnings account had a beginning credit balance of $26,550. During the period, the business had a net loss $12,750, and the company paid dividends of $8,100. The ending balance in the retained earnings account is:
A, $39,300.
B. $5,700.
C. $31,200.
D. $13,800.
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Management Audits
Authors: Allan J. Sayle
3rd Edition
0951173901, 978-0951173909
