The Following Selected Amounts Are Available for Thomas Company What Is Its Ending Retained Earnings Balance?
A)$3,200

The following selected amounts are available for Thomas Company. $\begin{array}{lr}\text { Retained earnings (beginning) } & \$ 3,500 \\\text { Net loss } & 200 \\\text { Cash dividends declared } & 200 \\\text { Stock dividends declared } & 200\end{array}$ What is its ending Retained Earnings balance?

A) $3,200.
B) $3,300.
C) $2,900.
D) $3,100.

Correct Answer:

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