if-a-company-has-a-beginning-balance-in-retained-earnings-of-50000-net-income-of

Question

If a company has a beginning balance in retained earnings of $50,000, net income of $20,000, and dividends of $5,000, what is the ending balance in retained earnings?

Accepted Answer

$65,000

Answer

$55,000

Answer

$70,000

Answer

$75,000

If a company has a beginning balance in retained earnings of \$50,000, net income of \$20,000, and dividends of \$5,000, what is the ending balance in retained earnings?