ASU BIO202 Anatomy Physiology II Exam 1 Practice Exam

Beginning retained earnings are $120,000. Net income is $35,000 and dividends are $12,000. What is ending retained earnings?

$73,000 $143,000 $155,000 $167,000

$143,000

Ending retained earnings = $120,000 + $35,000 - $12,000 = $143,000.

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