DW Has an Ending Retained Earnings Balance of $51,100

question 22

Multiple Choice

DW has an ending Retained Earnings balance of $51,100.If during the year DW paid dividends of $4,300 and had net income of $22,500,then what was the beginning Retained Earnings balance?

• A)$24,300.
• B)$32,900.
• C)$300.
• D)$69,300.

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Definitions:

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