A corporation reported a net income of $82,000 for its fiscal year and declared and paid cash dividends of $51,000 and declared and distributed a stock dividend recorded at $35,000. If the ending balance of the Retained Earnings account was $210,000, the beginning balance was:
A) $206,000.
B) $241,000.
C) $179,000.
D) $214,000.
Correct Answer:
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