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Which one of the equals retained earnings at the end of year

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Reference no: EM132977055

You are given the following data:

Beginning retained earnings = $100
Net income reported during the year = ($14) [A negative net income implies a loss.]
Dividends declared and paid during the year = $34
Proceeds from stock issued during the year = $9

Problem 1: Which one of the following equals retained earnings at the end of the year?

a. $148
b. $61
c. $80
d. $52
e. $66

Reference no: EM132977055

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