Dawson Corporation Has the Following Information Available for 2014 Based on This Information, What Is Dawson's Retained Earnings Balance

question 75

Multiple Choice

Dawson Corporation has the following information available for 2014: $$\begin{array} { | l | c | } \hline & \text { (in millions) } \\\hline \text { Issued common stock } & \$ 45 \\\hline \text { Retired common stock } & \$ 65 \\\hline \text { Paid dividends } & \$ 75 \\\hline \text { Net income } & \$ 130 \\\hline \text { Beginning Common Stock balance } & \$ 625 \\\hline \text { Beginning Retained Earnings balance } & \$ 475 \\\hline\end{array}$$ Based on this information, what is Dawson's Retained Earnings balance at the end of the year?

• A) $680
• B) $530
• C) $420
• D) $605

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