A company earns revenue of $90,000 and incurs expenses of $50,000 each year. In addition, the company pays a dividend of $10,000 each year. If the company started its operations at the beginning of 2015, what would be the balance in the retained earnings account on 12/31/2019?

Answer rating: 100% (QA)

To calculate the balance in the retained earnings account on 12312019 we need to consider the net in... View the full answer