Andrews ending balance in retained earnings, Business Management

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Andrews ending balance in retained earnings

The Andrews company currently has the following balances in their equity accounts:

Common Stock $34,336
Retained earnings -$1,107,824

Suppose next year the Andrews company generates $46,300 in Net Profit, and declares and pays $16,000 in Dividends. What will Andrews ending balance in Retained Earnings be next year?

-$1,073,488
$80,636
-$1,057,488
-$1,077,524

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Business Management: Andrews ending balance in retained earnings

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Reference No:- TGS0108848

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