J & D Company Had Beginning Retained Earnings of $65,000

question 169

Multiple Choice

J & D Company had beginning retained earnings of $65,000.During the year the company had net income of $150,000,and declared and paid dividends of $9,500.The ending balance in retained earnings is ________.

• A)$215,000
• B)$55,500
• C)$205,500
• D)$224,500

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