Find the net impact on retained earnings


A company has net income of $225,000 and declares and pays dividends in the amount of $75,000. What is the net impact on retained earnings?

a. Increase of $225,000

b. Decrease of $75,000

c. Increase of $150,000

d. Decrease of $150,000

Solution Preview :

Prepared by a verified Expert
Finance Basics: Find the net impact on retained earnings
Reference No:- TGS0556896

Now Priced at $5 (50% Discount)

Recommended (94%)

Rated (4.6/5)