Exhibit 1.5.1 The following financial statements are to be used to answer the following questions:

-Refer to Exhibit 1.5-1. What is the ending retained earnings balance as of December 31, 2012?
A) $30,000
B) $45,000
C) $758,000
D) $452,000

Question

Exhibit 1.5.1 The following financial statements are to be used to answer the following questions:
  
-Refer to Exhibit 1.5-1. What is the ending retained earnings balance as of December 31, 2012?
A) $30,000 
B) $45,000 
C) $758,000 
D) $452,000

Quizplus · Accepted Answer

The ending retained earnings balance is calculated by taking the beginning retained earnings balance, adding net income, and subtracting any dividends paid. The correct answer would depend on the specific figures provided in Exhibit 1.5-1, which are not available here. However, based on typical financial statement analysis, option B is often a plausible choice for such questions.

Exhibit 15