Clowns-R-Us reported the following in the statement of comprehensive income for the year ended December 31:
Income from continuing operations before tax
850,000
Income tax expense
(340,000)
Net income
510,000
Other comprehensive income
130,000
Comprehensive income
640,000
During the year, the company paid $105,000 in dividends and purchased treasury stock with a par value of $20,000 at a cost of $95,000. If the balance of Retained Earnings at the beginning of the year was $4,400,000, what is the balance of Retained Earnings at the end of the year?
A) $5,145,000
B) $5,050,000
C) $4,805,000
D) $4,710,000
Answer: C
You might also like to view...
_____________: Entails making decisions with team, then informing outsiders of intentions
Fill in the blank(s) with the appropriate word(s).
Learning is ________
A) an internal state that drives us to satisfy needs B) the process by which people select, organize, and interpret information from the outside world C) a change in behavior caused by information or experience D) a lasting evaluation of a person, object, or issue E) the set of unique psychological characteristics that consistently influence the way a person responds to situations in the environment