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liubo4ka [24]
2 years ago
6

HUD, Co. had a beginning retained earnings of $29,825. For the year, the company had net income of $6,540 and paid dividends of

$2,550. The company also issued $4,450 in new stock during the year. What is the ending retained earnings balance
Business
1 answer:
marissa [1.9K]2 years ago
6 0

Answer:

$38,265

Explanation:

Beg RE = $29,825

Plus Net Income = $6,540

Minus Dividends = ($2550)

Plus New Stock = $4450

Ending RE = $38,265

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