On January 1, 2014, LeAnna Industries reported retained earnings of $195,000. During 2014, LeAnna had a net loss of $45,000 and paid dividends of $30,000. On December 31, 2014, the amount of retained earnings is

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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On January 1, 2014, LeAnna
Industries reported retained
earnings of $195,000. During 2014,
LeAnna had a net loss of $45,000
and paid dividends of $30,000. On
December 31, 2014, the amount of
retained earnings is
$195,000.
$210,000.
$150,000.
$120,000.
abbil
Transcribed Image Text:On January 1, 2014, LeAnna Industries reported retained earnings of $195,000. During 2014, LeAnna had a net loss of $45,000 and paid dividends of $30,000. On December 31, 2014, the amount of retained earnings is $195,000. $210,000. $150,000. $120,000. abbil
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