Beard Marine
The company reported the following information for the year ended December 31, Year 1:
$$\begin{array} { l r }
\text { Net income } & \$ 100,000 \
\text { Dividends } & 6,000 \
\text { Retained earnings at December 31, Year 1 } & 120,000
\end{array}$$
-Refer to the figure Beard Marine.What was the balance of retained earnings at January 1,Year 1?

Question

Beard Marine
The company reported the following information for the year ended December 31, Year 1:
 $$\begin{array} { l r } 
\text { Net income } & \$ 100,000 \
\text { Dividends } & 6,000 \
\text { Retained earnings at December 31, Year 1 } & 120,000
\end{array}$$
-Refer to the figure Beard Marine.What was the balance of retained earnings at January 1,Year 1?

Quizplus · Accepted Answer

The Answer of Beard Marine
The company reported the following information for the year ended December 31, Year 1:
 $$\begin{array} { l r } 
\text { Net income } & \$ 100,000 \
\text { Dividends } & 6,000 \
\text { Retained earnings at December 31, Year 1 } & 120,000
\end{array}$$
-Refer to the figure Beard Marine.What was the balance of retained earnings at January 1,Year 1?

Beard Marine the Company Reported the Following Information for the Year

Beard Marine
the Company Reported the Following Information for the Year