The Andrews company currently has the following balances in their equity accounts:
Common Stock $25,080
Retained earnings $115,836
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?
Select: 1
$146,136
$156,916
$140,916
$71,380
Jos Simulation Answered question April 9, 2025
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