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The Andrews company currently has the following balances in their equity accounts: Common Stock $12,081 Retained earnings $88,062 Suppose next year the Andrews company generates $46,300 in Net Profit, and declares and pays $16,000 in Dividends. What will Andrews ending balance in Retained Earnings be next year? Select 1 $58,381 $116,143 $118,362 $100,143

The Andrews company currently has the following balances in their equity accounts: Common Stock $12,081 Retained earnings $88,062 Suppose next year the Andrews company generates $46,300 in Net Profit, and declares and pays $16,000 in Dividends. What will Andrews ending balance in Retained Earnings be next year? Select 1 $58,381 $116,143 $118,362 $100,143

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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The Andrews company currently has the following balances in their equity accounts: Common Stock $12,081 Retained earnings $88,062 Suppose next year the Andrews company generates $46,300 in Net Profit, and declares and pays $16,000 in Dividends. What will Andrews ending balance in Retained Earnings be next year? Select 1 $58,381 $116,143 $118,362 $100,143
Transcribed Image Text:The Andrews company currently has the following balances in their equity accounts: Common Stock $12,081 Retained earnings $88,062 Suppose next year the Andrews company generates $46,300 in Net Profit, and declares and pays $16,000 in Dividends. What will Andrews ending balance in Retained Earnings be next year? Select 1 $58,381 $116,143 $118,362 $100,143
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