For the past five years,Mookie Consulting Services reported the following annual net income and dividend amounts: If Mookie had Retained Earnings of $88,000 at the end of year 5,what was the company's Retained Earnings at the beginning of Year 1?
A)$13,000.
B)$25,000.
C)$7,000.
D)$1,000.

Question

For the past five years,Mookie Consulting Services reported the following annual net income and dividend amounts:  If Mookie had Retained Earnings of $88,000 at the end of year 5,what was the company's Retained Earnings at the beginning of Year 1?
A)$13,000. 
B)$25,000. 
C)$7,000. 
D)$1,000.

Quizplus · Accepted Answer

The Answer of For the past five years,Mookie Consulting Services reported the following annual net income and dividend amounts:  If Mookie had Retained Earnings of $88,000 at the end of year 5,what was the company's Retained Earnings at the beginning of Year 1?
A)$13,000. 
B)$25,000. 
C)$7,000. 
D)$1,000.

For the Past Five Years,Mookie Consulting Services Reported the Following