The answer is c but could someone explain why and work the
problem for me to see?
Homework Answers
Answer : $640,000
In order find Ending retained earnings net income need to find so income statement is prepared then statement of retained earnings is prepared.
Retained Earnings account is maintained by the company's in order to divert certain part of profit that is earned every year. This amount is used for the development of business and to repay the debts. Most of the cases dividend to the shareholders is paid from retained earnings account.
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The answer is c but could someone explain why and work the
problem for me to...
Question 7 (4 points) Benedict Company compiled the following financial information as of December 31, 2014:...
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