if-a-company-has-retained-earnings-of-80000-and-declares-dividends-of-20000-what

Question

If a company has retained earnings of $80,000 and declares dividends of $20,000, what is the new retained earnings balance?

Accepted Answer

$60,000

Answer

$80,000

Answer

$100,000

Answer

$40,000

If a company has retained earnings of \$80,000 and declares dividends of \$20,000, what is the new retained earnings balance?