Retained earnings at the beginning and ending of the accounting period were $300 and $800,respectively.Revenues of $1,100 and dividends paid to stockholders of $200 were reported during the period.What was the amount of expenses reported for the period?
A)$500
B)$400
C)$900
D)$700

Question

Quizplus · Accepted Answer

Beginning retained earnings + Revenues - Expenses - Dividends = Ending retained earnings
$300 + $1,100 - Expenses - $200 = $800
Expenses = $400

Retained Earnings at the Beginning and Ending of the Accounting