What will andrews ending balance in retained earnings be


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

    Common Stock          $12,080

    Retained earnings      $82,115

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?

$94,195

$110,195

$112,415

$58,380

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Financial Management: What will andrews ending balance in retained earnings be
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