a-company-has-a-beginning-balance-in-retained-earnings-of-100000-net-income-of-3

Question

A company has a beginning balance in retained earnings of $100,000, net income of $30,000, and dividends of $10,000. What is the ending balance in retained earnings?

Accepted Answer

$120,000

Answer

$130,000

Answer

$110,000

Answer

$140,000

A company has a beginning balance in retained earnings of \$100,000, net income of \$30,000, and dividends of \$10,000. What is the ending balance in retained earnings?