The Treasury Bank Corporation had retained earnings at the end of December 31,2017 of $450,000.During 2018,the company had net income of $170,000 and declared dividends of $20,000.Retained earnings on the balance sheet as of December 31,2018 will be:
A) $430,000.
B) $600,000.
C) $620,000.
D) $640,000.
Correct Answer:
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