Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company's net income for the year was $80,000. i

A company's net income for the year was $80,000. Its beginning retained...

80.2K

Verified Solution

Question

Accounting

A company's net income for the year was $80,000. Its beginning retained earnings were $50,000, and during the year, it declared and paid dividends of $20,000. What is the ending Retained Earnings?
a) $110,000
b) $80,000
c) $60,000
d) $90,000
@@@ This question already posted and got correct answer. dont answer this question
,i will give 10dislikes,. do not copy from chatgpt or any ai @@@

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

Maintenance of Production Facility A production facility has several 3-D printing machines which need maintenance for two reasons....

Physics
1.2K views

1 The frequency of a light wave in a material is 2 10 4 Hz...

Basic Math
1.2K views

Write an expression to represent:Eight minus the quotient of two and a number .

Accounting
1.2K views

Identify the type of reserve which is generally used for specific purposes like long-term...

Accounting
1.2K views

Question 8 of 8 Note 1 $ Note 2 $...

Accounting
1.2K views

Beta Corporation manufactures two products: Product 1 and Product 2. The company uses a plantwide...

Accounting
1.2K views

Manny hired his brother's firm to provide accounting services to his business. During the current...

Accounting
1.2K views

Fees accrued but not billed, $6,300. Supplies account balance on December 31, $4,750; Supplies...

Finance
1.2K views

Answer only please, as soon as possible Project A has a 10%...

Accounting
1.2K views

You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage...

Finance
1.2K views

Warm-Up 8-5 (similar to) Question Help You wish to calculate the risk level of your...

Finance
1.2K views

8. The expected return to a perfectly diversified portfolio above and beyond the expected risk-free...