Before the Closing Entries Are Prepared,the Retained Earnings Balance in the Adjusted

question 113

Multiple Choice

Before the closing entries are prepared,the retained earnings balance in the adjusted trial balance is equal to:

• A)the balance of retained earnings at the beginning of the year.
• B)the balance of retained earnings after adding revenues and subtracting expenses but before subtracting dividends.
• C)the balance of retained earnings at the end of the year.
• D)the balance of retained earnings at the beginning of the next year.

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