On a statement of retained earnings, the beginning capital is $40,000. Net income for the year is $11,000 and Cash Dividends paid for the year are $6,000, the ending capital amount would be: a. $40,000 b. $35,000 c. $45,000 d. $47,000

On a statement of retained earnings, the beginning capital is $40,000. Net income for the year is $11,000 and Cash Dividends paid for the year are $6,000, the ending capital amount would be: a. $40,000 b. $35,000 c. $45,000 d. $47,000

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 20E: Five measures of solvency or profitability The balance sheet for Garcon Inc. at the end of the...

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Question

Provide answer financial accounting

On a statement of retained earnings, the beginning
capital is $40,000. Net income for the year is $11,000 and
Cash Dividends paid for the year are $6,000, the ending
capital amount would be:
a. $40,000
b. $35,000
c. $45,000
d. $47,000

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