Quartz Instruments Had Retained Earnings of $145,000 at December 31,2018

question 152

Multiple Choice

Quartz Instruments had Retained Earnings of $145,000 at December 31,2018.Net income for 2019 was $90,000,and dividends for 2019 were $30,000.What amount of Retained Earnings should be reported at December 31,2019?

• A)$205,000
• B)$235,000
• C)$140,000
• D)$175,000

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