help@plusacademics.org

 The Andrews company currently has the following

 

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

 



honeyd


11-09-20 | 08:28:11

=current retained earnings+net profit-dividends
=115836+46300-16000=146136

Login to answer this question!