Use the following selected information from ABC Corporation to determine the amount that will be reported on the balance sheet for retained earnings: Beginning Retained Earnings $3,000,000 Beginning Common Stock $300,000 Ending Common Stock $430,000 Total Revenues $850,000 Total Expenses $1,120,000 Dividends $0

A. $3,540,000
B. $2,730,000
C. $2,860,000
D. $3,160,000

Ans: B. $2,730,000

Business

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