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Donald Company began the year with retained earnings of $411000. During the year, the company recorded revenues of $506000, expenses of $377000, and paid dividends of $41000 What was Donald's retained earnings at the end of the year? O $499000 $506000 $842000 Ⓒ$547000

Donald Company began the year with retained earnings of $411000. During the year, the company recorded revenues of $506000, expenses of $377000, and paid dividends of $41000 What was Donald's retained earnings at the end of the year? O $499000 $506000 $842000 Ⓒ$547000

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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Donald Company began the year with retained earnings of $411000. During the year, the company recorded revenues of $506000, expenses of $377000, and paid dividends of $41000. What was Donald's retained earnings at the end of the year? O $499000 $506000 O $842000 $547000
Transcribed Image Text:Donald Company began the year with retained earnings of $411000. During the year, the company recorded revenues of $506000, expenses of $377000, and paid dividends of $41000. What was Donald's retained earnings at the end of the year? O $499000 $506000 O $842000 $547000
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