A Company Had a Beginning Balance in Retained Earnings of $430,000.It

question 159

Multiple Choice

A company had a beginning balance in retained earnings of $430,000.It had net income of $60,000 and paid out cash dividends of $56,250 in the current period.The ending balance in retained earnings equals:

• A)$546,250.
• B)$426,250.
• C)$116,250.
• D)$433,750.
• E)$490,000.

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Definitions:

Vehicle

A means of transporting people or goods, including cars, bicycles, boats, airplanes, and other conveyances.

Differentia

The characteristic or set of characteristics that distinguishes one thing or category of things from another.

Camera

A device for capturing visual images in the form of photographs, video, or both, electronically or on film.

Zoom Lens

A type of camera lens that allows the focal length to change, thereby giving the photographer the capability to move closer to or farther away from a subject without physically moving.