Below are accounts from the Marietta Corporation's accounting records: Total assets, end of year $85,000 Total liabilities, end of year 19,000 Common stock, end of year 6,000 Retained earnings, beginning of year 18,000 Dividends for the year 15,500 Net income 57,500 The amount of retained earnings at the end of the year is: Below are accounts from the Marietta Corporation's accounting records: Total assets, end of year $85,000 Total liabilities, end of year 19,000 Common stock, end of year 6,000 Retained earnings, beginning of year 18,000 Dividends for the year 15,500 Net income 57,500 

What is the amount of retained earnings at the end of the year?

Answer rating: 100% (QA)

Retained Earnings Retained Earnings at the Beginning of the Year Net Income Dividends Given ... View the full answer