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The Following Selected Amounts Are Available for Clark Company What Is Its Ending Retained Earnings Balance?
A) $750
B)

Question 199

Multiple Choice

The following selected amounts are available for Clark Company.  Retained earnings (beginning)  $900 Net loss 150 Cash dividends declared 100 Stock dividends declared 100\begin{array} { l r } \text { Retained earnings (beginning) } & \$ 900 \\\text { Net loss } & 150 \\\text { Cash dividends declared } & 100 \\\text { Stock dividends declared } & 100\end{array} What is its ending retained earnings balance?


A) $750
B) $800
C) $550
D) $700

Correct Answer:

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