Homework SourseBeginning retained earnings were 100000 During the year the
Beginning retained earnings were $100,000. During the year, the company had a net loss of $10,000 and paid dividends of $15,000. What is the Ending retained earnings?
Solution
the following table shows the calculation of ending retained earnings.
| beginning retained earnings | $100,000 |
| less: net loss during the year | (10,000) |
| less:dividends paid during the year | (15,000) |
| ending retained earnings | $75,000 |
