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the retained earnings balance was $24600 on January 1st. net income fir the year was $20,650. it retained earnings has a credit balance of $27,200
the retained earnings balance was $24600 on January 1st. net income fir the year was $20,650. it retained earnings has a credit balance of $27,200 after closing entries were made for the year and if additional stock of $6,900 was issued during the year what was the amount of dividends declared during the year.
Multiple Choice O $18,050 $30,150 O $27.550 $11.150
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