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Post-Closing Trial Balance
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Post-Closing Trial Balance
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3. Accrual Accounting Concepts / Post-Closing Trial Balance / Problem 4
Problem 4
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?
A
\$130,000
B
\$120,000
C
\$110,000
D
\$140,000
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