If the beginning balance of retained earnings is $100,000, total revenues are $75,000, expenses total $50,000, and the company pays a $10,000 dividend, what is the ending balance of retained earnings? Please round your final answer to the nearest dollar. Do not round intermediary answers. Do not use $ signs in your final answer.

If the beginning balance of retained earnings is $100,000, total revenues are $75,000, expenses total $50,000, and the company pays a $10,000 dividend, what is the ending balance of retained earnings? Please round your final answer to the nearest dollar. Do not round intermediary answers. Do not use $ signs in your final answer.

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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