Multiple Choice
A company had a beginning balance in retained earnings of $430,000.It had net income of $60,000 and declared and paid cash dividends of $56,250 in the current period.The ending balance in retained earnings equals:
A) $546,250.
B) $426,250.
C) $116,250.
D) $433,750.
E) $490,000.
Correct Answer:
Verified
Correct Answer:
Verified
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