From the Following Information, Determine the Beginning Balance in the Retained

question 72

Multiple Choice

From the following information, determine the beginning balance in the Retained Earnings account. $\begin{array}{ll}\text { Dividends } & \$ 8,000 \\\text { Ending Retained Earnings } & 24,000 \\\text { Net Income } & 14,000 \\\text { Paid- in Capital, beginning } & 29,000 \\\text { Paid-in Canital ending } & 26,000\end{array}$

• A) \( \$ 18,000 \)
• B) \( \$ 46,000 \)
• C) \( \$ 2,000 \)
• D) None of these answersis correct.

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