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A company's net income for the year was $120,000. Its beginning retained earnings were $90,000, and during the year, it declared and paid dividends of $30,000. What is the ending Retained Earnings? a) S 120,000 b) $90,000 c) $60,000 d)$180,000 @@@ This question already posted and got correct answer. dont answer this question, i will give 10 dislikes,. do not copy from chatgpt or any ai @@@ $180,000

A company's net income for the year was $120,000. Its beginning retained earnings were $90,000, and during the year, it declared and paid dividends of $30,000. What is the ending Retained Earnings? a) S 120,000 b) $90,000 c) $60,000 d)$180,000 @@@ This question already posted and got correct answer. dont answer this question, i will give 10 dislikes,. do not copy from chatgpt or any ai @@@ $180,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A company's net income for the year was $120,000. Its beginning retained earnings were $90,000, and during the year, it declared and paid dividends of $30,000. What is the ending Retained Earnings? a) $ 120,000 b) $90,000 c) $60,000 d)$180,000 @@@ This question already posted and got correct answer. dont answer this question, i will give 10 dislikes,. do not copy from chatgpt or any ai @@@ $180,000
Transcribed Image Text:A company's net income for the year was $120,000. Its beginning retained earnings were $90,000, and during the year, it declared and paid dividends of $30,000. What is the ending Retained Earnings? a) $ 120,000 b) $90,000 c) $60,000 d)$180,000 @@@ This question already posted and got correct answer. dont answer this question, i will give 10 dislikes,. do not copy from chatgpt or any ai @@@ $180,000
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