Terms Connect intro F X McGrawHill Education Campu X Secure

Terms Connect intro F X McGraw-Hill Education Campu X Secure! https:// mheducation.com/flow/connect.html Saved Quiz 1 te At the end of 2011, retained earnings for the Bisk Company was $2,050. Revenue earned by the company in 2011 was $2.225, expenses paid during the period were $1.130, and dividends paid during the period were $530. Based on this information alone, retained earnings at the beginning of 2011 was 00:00:54 Multiple Choice $1,485. $955. $4,450 $2,615. Prev 3 of 11EE Nex

Solution

Retained earning at the beginning of 2011 = $1485 ,

  Statement of Retained earnings

Beginning balance of retained earnings = $1485

add: Net income [2225-1130] = $1095

less: Dividend = ($530)

Ending balance of retained earnings = $2050