a-company-starts-with-retained-earnings-of-100000-earns-a-net-income-of-30000-an

Question

A company starts with retained earnings of $$100,000, earns a net income of 30$$,000, and pays dividends of $15,000. What is the ending retained earnings balance?

Accepted Answer

$115,000

Answer

$85,000

Answer

$145,000

Answer

$130,000

A company starts with retained earnings of \$100,000, earns a net income of \$30,000, and pays dividends of \$15,000. What is the ending retained earnings balance?