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A company had a beginning balance in retained earnings of $43,300. It had net income of $6,300 and declared and paid cash dividends of $5,700 in the current period. The ending balance in retained earnings
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Jun 28, 2021
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A company had a beginning balance in retained earnings of $43,300. It had net income of $6,300 and declared and paid cash dividends of $5,700 in the current period. The ending balance in retained earnings equals:
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Ending balance is $43,900. You take the beginning balance of RE, add net income (or subtract net loss) then subtract any dividends paid.
SimonMayer
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Jul 5, 2021
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