Homework Answers
SeRvice revenue = $840,000
Operating expense = $750,000
Net income = Service revenue - Operating expenses
= 840,000 - 750,000
= $90,000
|
Statement of Retained Earnings |
||
|
Beginning retained earnings |
450,000 |
|
|
Add: Net profit |
90,000 | |
|
Less:Dividends |
-60,000 | |
| 30,000 | ||
|
Retained earnings, Ending |
$480,000 | |
Retained earnings, Ending = $480,000
Correct option is first
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Question Information
Submission Format:
Please answer the question in the submission format and fill out
all sections. Thank you!
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Question Information:
Submission Format:
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