A Corporation Reported a Net Income of $82,000 for Its

question 64

Multiple Choice

A corporation reported a net income of $82,000 for its fiscal year and declared and paid cash dividends of $51,000 and declared and distributed a stock dividend recorded at $35,000. If the ending balance of the Retained Earnings account was $210,000, the beginning balance was:

• A)$206,000.
• B)$241,000.
• C)$179,000.
• D)$214,000.

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