a-company-has-a-beginning-retained-earnings-balance-of-50000-net-income-of-20000

Question

A company has a beginning retained earnings balance of $50,000, net income of $20,000, and declared dividends of $5,000. What is the ending balance of retained earnings?

Accepted Answer

$65,000

Answer

$55,000

Answer

$45,000

Answer

$70,000

A company has a beginning retained earnings balance of \$50,000, net income of \$20,000, and declared dividends of \$5,000. What is the ending balance of retained earnings?