The accountant for TI Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year $163,000 Cash dividends declared for the year 50,800 Net income for the year 98,000 What is the ending balance for retained earnings?a. $261,000. b. $14,200.
c. $210,200.
d. $282,000.
e. $112,200.

$210,200

Explanation:

The retained earning at the beginning of the year is $163,000

The cash dividend is $50,800

The net income is $98,000

Therefore the ending balance for retained earning can be calculated as follows

= 163,000+98,000-50,800

= 261,000-50800

= 210,200

Hence the ending balance for retainerd earnings is $210,200

this business is a price setter.

hope this

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number