A merchandiser uses a perpetual inventory system. The beginning Retained Earnings balance of the merchandiser was $110,000. During the year, Sales Revenue amounted to $90,000, Cost of Goods Sold was $40,000, and all other expenses totaled $12,000. The company declared and paid $27,000 as dividends. The ending balance of Retained Earnings would be ________.
A) $148,000
B) $121,000
C) $175,000
D) $110,000
B) $121,000
Business
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a. Common Stock. b. total liabilities. c. Retained Earnings. d. total assets.
Business
Choose the correct word or words in parentheses. We're (accepting, excepting, expecting) donations to build ramps in the library
Business
Utilization is the number of units a facility can hold, receive, store, or produce in a period of time
Indicate whether the statement is true or false
Business
Common law is a term for the laws that are familiar to most of us.
Answer the following statement true (T) or false (F)
Business