A corporation had beginning retained earnings of $150,000. During the year, it reported a net income of $45,000 and paid dividends of $20,000. What is the ending balance of retained earnings? A) $130,000 B) $175,000 C) $195,000 D) $215,000

A corporation had beginning retained earnings of $150,000. During the year, it reported a net income of $45,000 and paid dividends of $20,000. What is the ending balance of retained earnings? A) $130,000 B) $175,000 C) $195,000 D) $215,000

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Question

Accounting answer please

A corporation had beginning retained earnings of $150,000. During the year,
it reported a net income of $45,000 and paid dividends of $20,000. What is the
ending balance of retained earnings?
A) $130,000
B) $175,000
C) $195,000
D) $215,000

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