The beginning balance in retained earnings is $50,000. Ending balance is $75,000. Dividends during the year were $40,000. Net income for the year:
$25,000
$40,000
$65,000
$75,000
Indeterminable from the data given
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
(Save $1 )
One time Pay
(Save $5 )
Billed Monthly
*First month only
You can see the logs in the Dashboard.