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What will andrews ending balance in retained earnings

Problem: 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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Finance Basics: What will andrews ending balance in retained earnings

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