Determine the balance in retained earnings


Tiffin Company had retained earnings of $50,000 at the end of last year. For the current year, income was $20,000 and dividends $15,000. What is the balance in retained earnings at the end of the current year?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Determine the balance in retained earnings
Reference No:- TGS056023

Expected delivery within 24 Hours