If Beginning Retained Earnings was $184,300,the company distributed $46,000 in dividends and Ending Retained Earnings was $345,000,what was the net income for the period?
A)$154,700
B)$206,700
C)$114,700
D)$575,300
E)$160,700

Name: If Beginning Retained Earnings was $184,300,the company distributed $46,000 in dividends and Ending Retained Earnings was $345,000,what was the net income for the period? A)$154,700 B)$206,700 C)$114,700 D)$575,300 E)$160,700
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Question

Quizplus · Accepted Answer

345,000+46,000-184,300 = 206,700

If Beginning Retained Earnings Was $184,300,the Company Distributed $46,000 in Dividends