1. Business
  2. Accounting
  3. 1 restridtions of retained earnings may be dasified as a...

Question: 1 restridtions of retained earnings may be dasified as a...

Question details

1. Restridtions of retained earnings may be dasified as a. legal. d. All of these choices are correct. 2. A corporation has a $500,000 beginning balance in Retained Earnings. Its net income for the year was $200,000. Sales revenue amounted to $1,000,000, and dividends declared and paid by year-end amounted to $100,000. What was the ending balance in Retained Earnings? a. $600,000 b. $1,400,000 c. $700,000 d. $1,200,000 3. On the balance sheet, the balance of Treasury Stock is c. disclosed only in the notes d. not reported. 926 AM
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution