Business
Business, 20.02.2020 03:37, cdfvghjk

Company X had a net income of $25,000 for the year ended December 31, 2016. In 2016, Company X paid the out dividends of $10,000. At the end of 2016, Company X had a retained earnings balance of $60,000. What was Company X’s retained earnings balance at the beginning of the year? a. $45,000 b. $75,000 c. $35,000 d. $70,000

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Company X had a net income of $25,000 for the year ended December 31, 2016. In 2016, Company X paid...

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