Question: The answer to question 21 is C. I just don't understand how they got that answer, can you please explain. a. $750,000 b. $450,00o c.

The answer to question 21 is C. I just don't understand

The answer to question 21 is C. I just don't understand how they got that answer, can you please explain.

a. $750,000 b. $450,00o c. $150,000 d. $O 10-21. RVR Enterprises shows net income of $100,000 for 2019 and retained earnings of $500,000 on its December 31, 2019 balance sheet. During the year, RVR declared and paid $60,000 in dividends. What was RVR's retained earnings balance at December 31, 2018? a. $400,000 b. $440,000 c. $460,000 d. $540,000 10-22. Comprehensive income a. includes transactions that affect stockholders' equity with the exception of those transactions that involve owners. b. is considered an appropriation of retained earnings

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