Tarp Corporation
$\begin{array}{ll}
\text { Beginning retained earnings } & \$ 550,000 \
\text { Ending retained earnings } & 700,000 \
\text { Dividends paid } & 100,000 \
\text { Revenue } & 525,000
\end{array}$
-Refer to the selected information provided for Tarp Corporation. The company's expenses are:

Question

Tarp Corporation
 $\begin{array}{ll}
\text { Beginning retained earnings } & \$ 550,000 \
\text { Ending retained earnings } & 700,000 \
\text { Dividends paid } & 100,000 \
\text { Revenue } & 525,000
\end{array}$ 
-Refer to the selected information provided for Tarp Corporation. The company's expenses are:

Quizplus · Accepted Answer

The change in retained earnings is $150,000 ($700,000 - $550,000). Adding back dividends of $100,000 gives net income of $250,000. Revenue of $525,000 minus net income of $250,000 results in expenses of $275,000.

Tarp Corporation -Refer to the Selected Information Provided for Tarp Corporation