A firm has a year-end retained earnings balance of $220,000 for 2014.
A firm has a year-end retained earnings balance of $220,000 for 2014. The firm reported net profits after taxes of $50,000 and paid dividends of $30,000 in 2015. The firm’s retained earnings balance at 2015 year end is ________.
A) $240,000
B) $250,000
C) $270,000
D) $300,000
ANSWER
A
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