As of January 1, 20XX, Elenas Store had a balance in its retained earnings account...
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Accounting
As of January 1, 20XX, Elenas Store had a balance in its retained earnings account of OMR 100,000. During the year Elenas Store had revenues of OMR 80,000 and expenses of OMR 45,000. In addition, the business paid cash dividends of OMR 20,000. What is the balance in Retained Earnings at December 31, 20XX for Elenas Store?
Select one:
a. OMR 100,000
b. OMR 115,000
c. OMR 155,000
d. OMR 135,000
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