Kizspy Question: 33
(Choose 1 answer)
A company had a beginning balance in retained earnings of $670,000. It had net income of $65,000 and paid
out cash dividends of $46,250 in the current period. The ending balance in retained earnings equals:
A. $18,750
B. $577,500
C. $623,750
D. $688,750.
E. $735,000.
