Quartz Instruments Had Retained Earnings of $145,000 at December 31,2015

question 86

Multiple Choice

Quartz Instruments had Retained Earnings of $145,000 at December 31,2015.Net income for 2016 was $90,000,and dividends for 2016 were $30,000.What amount of Retained Earnings should be reported at December 31,2016?

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

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