A corporation has a year end 2001 retained earnings balance of $220,000. The firm reported net income after taxes of $50,000 in 2002 and paid dividends in 2002 of $30,000. The firm's retained earnings balance at year end 2002 is ___________ .

Question

Quizplus · Accepted Answer

The Answer of A corporation has a year end 2001 retained earnings balance of $220,000. The firm reported net income after taxes of $50,000 in 2002 and paid dividends in 2002 of $30,000. The firm's retained earnings balance at year end 2002 is ___________ .

A Corporation Has a Year End 2001 Retained Earnings Balance