Helium Brands Ltd. has a beginning balance of retained earnings of $185 million. Helium has a net income of $48 million and has paid a dividend of $15 million in the current year. The ending balance of retained earnings is:
A) $248 million.
B) $185 million.
C) $170 million.
D) $137 million.
E) $218 million.
Correct Answer:
Verified
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