Balance sheet total for retained earnings

Reference no: EM13131610

A for-profit nursing home has beginning-of-period retained earnings of $40,000. Net income for the period totals $75,000 and dividends declared during the period total $15,000. The balance sheet total for retained earnings will be what amount?

a) $100,000

b) $ 90,000

c) $ 75,000

d) $130,000

e) None of the above

Reference no: EM13131610

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