Sade Company had retained earnings of $50,000 at the end of last year for the current year,

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Sade Company had retained earnings of $50,000 at the end of last year for the current year, income was $20,000, and dividends $15,000What is the balance in retained earnings at the end of the current year?

a. 85,000

b. 45,000

c. 55,000

d. 60,000

e. none of the answers are correct

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Posted Date: Feb 14, 2022 02:48 PM

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Sade Company had retained earnings of $50,000 at the end of last year for the current year,

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ANSWER Answrey The correctoftion is c GivenPeteined ... View the full answer

Intermediate Accounting

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