Retained Earnings at 12/31/22:

Please calculate the Retained Earnings at 12/31/22 as per below question:

Expert Solution

1.

Particulars	Amount
Retained Earnings at 1/1/21	$1,674
+ Net income for 2021	450
+ Net income for 2022	210
- Dividend declared and paid for 2021	-170
- Dividend declared and paid for 2022	0
Retained Earnings at 12/31/22	$2,164

Option e. $2,164 is the correct answer.

DEEPIKA GOYAL answered 2 years ago

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