Accounting Analysis I: The Role of Accounting as an Information System | Online Course Support

Company X had a net income of $25,000 for the year ended December 31, 2016. In 2016, Company X paid out dividends of $10,000. At the end of 2016, Company X had a retained earnings balance of $60,000. What was Company X’s retained earnings balance at the beginning of the year?

 
 
 
 

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