Which of the following mathematical expressions calculates a firm's retained earnings at the end of a year?
A. Retained earnings = Beginning balance of retained earnings ? Net income in the current year + Net loss in the previous year
B. Retained earnings = Beginning balance of retained earnings + Net income in the current year + Dividends paid in the current year
C. Retained earnings = Beginning balance of retained earnings + Net income in the current year ? Dividends paid in the current year
D. Retained earnings = Beginning balance of retained earnings ? Net loss in the previous year ? Dividends paid in the current year
E. Retained earnings = Beginning balance of retained earnings ? Net income in the current year + Dividends paid in the current year
Answer: C
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Fill in the blank(s) with correct word
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