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inna [77]
3 years ago
10

Retained earnings, December 31, 2013 $342,700

Business
1 answer:
DedPeter [7]3 years ago
6 0

Answer:

the  ending retained earning balance is $366,100

Explanation:

The computation of the ending retained earning balance is given below:

= Opening balance of retained earnings + net income - dividend paid

= $342,700 + $56,200 - $32,800

= $366,100

Hence, the  ending retained earning balance is $366,100

The same should be considered and relevant

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Effective annual rate is a yearly rate of return which includes the compounding effect. APR is the simple rate of return which is being paid on the principal amount that is being invested.

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