The andrews company currently has the following balances in, Ask an Expert

Finance

The Andrews company currently has the following balances in their equity accounts:

Common Stock $12,080

Retained earnings $82,115

Suppose next year the Andrews company generates $46,300 in Net Profit, and declares and pays $16,000 in Dividends. What will Andrews ending balance in Retained Earnings be next year?

$94,195

$110,195

$112,415

$58,380

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93059667

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