UUaidquery/boardquery.js.cfm\'studentKeye 15464428igsimide C595598simid C928438r

Question

UUaidquery/boardquery.js.cfm'studentKeye 15464428igsimide C595598simid C928438round Business Policy Exam Points: 12 02006 Capsim Management Simulations 16 The Andrews company currently has the tollowing balances in their equity accounts Common Stock $111,300 Retained eamings $91,214 Suppose next year the Andrews company generates 546,300 in Net Proft, and declares and pays s Dividends. What wil Andrews ending balance in Retained Earmings be next year? Select: 1 Save Answer s202514 $157,600 $218,514 $121,514 ck on VIEW THIS ANSWER :27 PM

Explanation / Answer

Answer: ending retained earning = begining retained earning+net profit- dividend

               ending retained earning= $91,214+$46,300-$16,000=$121,514

Last Option is correct

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