Lorna Company has the following account balances at the end of the first year of operations: What is the ending balance in Retained Earnings?
A)$18,000
B)$27,000
C)$28,000
D)$40,000

Question

Lorna Company has the following account balances at the end of the first year of operations:  What is the ending balance in Retained Earnings?
A)$18,000 
B)$27,000 
C)$28,000 
D)$40,000

Quizplus · Accepted Answer

The Answer of Lorna Company has the following account balances at the end of the first year of operations:  What is the ending balance in Retained Earnings?
A)$18,000 
B)$27,000 
C)$28,000 
D)$40,000

Lorna Company Has the Following Account Balances at the End