Beard Marine The company reported the following information for the year ended December 31,2013:
$\begin{array}{llcc}
\text {Net income } & \$ 100,000 \
\text { Dividends } & 6,000 \
\text { Retained earnings at December 31,2013 } & \$ 120,000 \
\end{array}$
-Refer to Beard Marine.What was the balance of Retained Earnings at January 1,2013?

Question

Beard Marine The company reported the following information for the year ended December 31,2013:
$\begin{array}{llcc}
  \text {Net income   } & \$ 100,000 \
 \text { Dividends } & 6,000 \
\text { Retained earnings at December 31,2013 } &  \$ 120,000 \
\end{array}$
-Refer to Beard Marine.What was the balance of Retained Earnings at January 1,2013?

Quizplus · Accepted Answer

The Answer of Beard Marine The company reported the following information for the year ended December 31,2013:
$\begin{array}{llcc}
  \text {Net income   } & \$ 100,000 \
 \text { Dividends } & 6,000 \
\text { Retained earnings at December 31,2013 } &  \$ 120,000 \
\end{array}$
-Refer to Beard Marine.What was the balance of Retained Earnings at January 1,2013?

Beard Marine the Company Reported the Following Information for the Year