At the Beginning of the Current Year,Wilson Corporation Had 200,000

question 74

Multiple Choice

At the beginning of the current year,Wilson Corporation had 200,000 shares of $1 par common stock outstanding and had retained earnings of $4,800,000.During the year,the company earned $1,675,000 and paid a year-end cash dividend of $3 per share.What was Wilson Corporation's retained earnings at the end of the year?

• A)$6,275,000
• B)$5,875,000
• C)$6,475,000
• D)$4,800,000

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