The Brandon Company had an ending balance in retained earnings of $100,000. During the year it...

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Question

business accounting

Answer 1

Answer #1

Ans:

Calculation of Opening Retained Earnings:

Ending Retained Earnings	$100,000
Less: Net Income	($75,000)
Add: Dividends paid	$25,000
Less: Other COmprensive Income	($10,000)
Opening Retained Earnings	$40,000

So correct answer is Option C.

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Answer 2

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