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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 3
Problem 3
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?
A
\$55,000
B
\$70,000
C
\$65,000
D
\$75,000
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