Income within India is highly polarized with a considerable part of the population living close to or below the poverty line

The Retained Earnings account has a credit balance of $17,000 before closing entries are made. If total revenues for the period are $55,200, total expenses are $39,800, and dividends are $9,000, what is the ending balance in the Retained Earnings account after all closing entries are made?

A) $23,400. B) $15,400. C) $32,400. D) $17,000. E) $32,400.

A network extension is a unique name that identifies an individual's or company's website

Indicate whether the statement is true or false