The Following Account Balances Prior to Closing Entries Were Taken

question 21

Multiple Choice

The following account balances prior to closing entries were taken from the records of Kendall Company:
After closing entries at December 31,2016,Retained Earnings will be:

• A)$19,900.
• B)$7,400.
• C)$2,900.
• D)$24,400.

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Definitions:

National Business Ethics Survey

A research study that examines the ethical practices and attitudes within the business environment of a nation.