Balance in retained earnings equals

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Reference no: EM13258890

A company had a beginning balance in retained earnings of $43,000. It had net income of $6,000 and paid out cash dividends of $5,625 in the current period. The ending balance in retained earnings equals:

a. $108,625.

b. $(12,625).

c. $11,375.

d. $43,375.

e. $(11,375).

Reference no: EM13258890

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