Business, 16.04.2020 23:29 bercishicicorbin

On January 1, Bennett Corporation had Retained Earnings of $650,000. During the year, Bennett Corporation had the following selected transactions: declared cash dividends of $100,000; corrected overstatement of prior year net income because of depreciation error of $50,000; earned net income of $400,000; and declared stock dividends of $50,000. The ending balance for Retained Earnings is A : $1,150,000. B : $900,000. C : $850,000. D : $950,000.

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On January 1, Bennett Corporation had Retained Earnings of $650,000. During the year, Bennett Corpor...

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