Multiple Choice
During 2014, its first year of operations, Jane's Bakery had revenues of $65,000 and expenses of $33,000. The business paid cash dividends of $18,000. What is the balance in Retained Earnings at December 31, 2014?
A) $0
B) $18,000 debit
C) $14,000 credit
D) $32,000 credit
Correct Answer:
Verified
Correct Answer:
Verified
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