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BaLLatris [955]
3 years ago
9

Waterway Industries started the year with $66000 in its Common Stock account and a credit balance in Retained Earnings of $48400

. During the year, the company earned net income of $52800, and declared and paid $22000 of dividends. In addition, the company sold additional common stock amounting to $30800. As a result, the balance in retained earnings at the end of the year would be
Business
1 answer:
Degger [83]3 years ago
8 0

Answer:

$79,200

Explanation:

The computation of retained earning at year end is seen below;

= Opening retained earning balance + Net income - dividend paid

= $48,400 + $52,800 - $22,000

= $79,200

Therefore, the retained earnings balance is $79,200

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Within the marketing concept, a service orientation is an integrated organizational effort that revolves around.
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