A hotel's beginning retained earnings were € 70,000.00. In the course of the year, it had a net loss of € 14,000.00, and paid out dividends of € 8,000.00.What will be the hotel's ending level of retained earnings?
A) € 48,000.00
B) € 64,000.00
C) € 92,000.00
D) € 76,000.00
Correct Answer:
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