a-company-has-retained-earnings-of-300000-at-the-beginning-of-the-year-earns-a-n

Question

A company has retained earnings of $$300,000 at the beginning of the year, earns a net income of 100$$,000, and pays dividends of $20,000. What are the retained earnings at the end of the year?

Accepted Answer

$380,000

Answer

$420,000

Answer

$300,000

Answer

$400,000

A company has retained earnings of \$300,000 at the beginning of the year, earns a net income of \$100,000, and pays dividends of \$20,000. What are the retained earnings at the end of the year?