A Company Had a Beginning Balance in Retained Earnings of $43,000

question 130

Multiple Choice

A company had a beginning balance in retained earnings of $43,000. It had net income of $6,000 and paid out cash dividends of $5,625 in the current period. The ending balance in retained earnings equals:

• A) $54,625.
• B) $42,625.
• C) $11,625.
• D) $43,375.
• E) $49,000.