A
company had a beginning balance in retained earnings of $44,300. It had
net income of $7,300 and paid out cash dividends of $5,950 in the
current period. The ending balance in retained earnings equals:
| $57,550. | |
| $51,600. | |
| $13,250. | |
 | $45,650. |
| $42,950. |
| Beginning balance | $ 44,300 |
| Plus net income | 7,300 |
| Less dividends | (5,950) |
| | |
| Ending balance | $ 45,650 |
| |
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