Answer:
$395,000
Explanation:
A company has a beginning balance of $400,000
The company has a net income of $50,000
The company also declared and paid a cash dividend of $55,000
Therefore, the ending balance in the retained earnings can be calculated as follows
Beginning balance+ net income -Dividend paid
= $400,000+$50,000-$55,000
= $395,000
Hence the ending balance in the retained earnings is $395,000
