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A company had a beginning balance in retained earnings of $43,900. It had net income of $6,900 and declared and paid cash dividends of $5,850 in the current period. The ending balance in retained earnings equals:________

a. $5,850
b. $12,750
c. $42,850
d. $44,950
e. $56,650

Respuesta :

Parrain

Answer: d. $44,950

Explanation:

Dividends are to be paid from Retained earnings so the ending retained earnings are;

= Beginning retained earnings + Net income - dividends

= 43,900 + 6,900 - 5,850

= $44,950

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