Kizspy | Question: 31
(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
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C. $623,750
D. $688,750.
E. $735,000.
