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estefanlionel8678
31.12.2019 •
Business
Qp corp. has a beginning retained earnings balance of $16,000. an adjusted trial balance shows total expenses of $24,000 and service revenue of $28,000. if dividends for the year were $1,800, determine the ending retained earnings balance for the year.
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Ответ:
$18,200
Explanation:
The formula and the computation of the ending retained earnings balance is shown below:
Ending retained earnings balance = Beginning retained earning balance + service revenue - total expenses - dividend paid for the year
= $16,000 + $28,000 - $24,000 - $1,800
= $18,200
The service revenue minus total expenses are also known as net income
Ответ:
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