Dimension Inc

question 69

Multiple Choice

Dimension Inc.had net income for 2014 of $24,000.It declared and paid a $13,000 cash dividend in 2014.If the company's retained earnings for the end of the year was $39,600,what was the company's retained earnings balance at the beginning of 2014?

• A)$28,600
• B)$50,600
• C)$76,600
• D)$2,600

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