Question

Based on the given information, what will be the retained earnings for a given accounting period?

Items Amount ($)
total expenses 50,000
total income 75,000
dividend paid 5,000


A.
30,000
B.
15,000
C.
25,000
D.
20,000

Answer 1

the answer is letter c

Answer 2

20,000

Explanation:

It is right on plato/edmentum

You just take 75,000-50,000=25,000 and then since it is dividend paid you will subtract the 5,000 from 25,000 and then you will get 20,000.

So 20,000 is your answer. :)