25 on march 1 tomrsquos wear had a beginning balance in, Ask an Expert

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25. On March 1, Tom’s Wear had a beginning balance in retained earnings of $1,250. During March, Tom’s Wear paid $100 in dividends and had net income of $2,000. The March 31 balance in retained earnings was: a. $1,150. b. $3,150. c. $3,350. d. $7,350.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92402221

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