Quartz Instruments had retained earnings of $145,000 at December 31, 2021. Net income for 2022...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Quartz Instruments had retained earnings of $145,000 at December 31, 2021. Net income for 2022 totalled $90,000, and dividends for 2022 were $30,000. How much retained earnings should Quartz report at December 31, 2022? a $205,000 b $140,000 c $235,000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
