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What will andrews ending balance

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

Common Stock $33,881
Retained earnings $97,166

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?

a. $127,466
b. $131,047
c. $147,047
d. $80,181

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Solution Preview :

Prepared by a verified Expert

Finance Basics: What will andrews ending balance

Reference No:- TGS01451035

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Terms in the financial field

Q : Problems associated with using financial ratios

Q : Incorporate an eso plan into a company valuation

Q : What would be the dividend yield

Q : What will andrews ending balance

Q : Expected growth rate for kti dividends

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Solution Preview :

Prepared by a verified Expert

Finance Basics: What will andrews ending balance

Reference No:- TGS01451035

Recent Questions Asked Finance Basics

Q : Terms in the financial field

Q : Problems associated with using financial ratios

Q : Incorporate an eso plan into a company valuation

Q : What would be the dividend yield

Q : What will andrews ending balance

Q : Expected growth rate for kti dividends

Q : Alternative financing strategies

Q : Determining investment plan for the year

Q : Corporate bond portfolio and the index fund

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