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Vesna [10]
3 years ago
13

The following amounts represent totals from the first three years of operations. Calculate the balance of Retained Earnings at t

he end of 2021.
Years Net Income (loss) ($) Net Cash Flow ($) Devidens ($) Insurance of Stock ($)
2019 1,200 500 200 2,000
2020 500 300 0 0
2021 2,300 2,800 200 0

(A) $2,600
(B) $4,600
(C) $3,100
(D) $3,500.
Business
1 answer:
N76 [4]3 years ago
4 0

Answer:

D. $3,500

Explanation:

we must focus on the result of the year and the dividends paid, since these decrease the  <u>Retained Earnings</u>

Cash flow has no impact and the insurance of stock  is within the result of the year

2019, income was 1200 less dividends allocated

200

<u>Retained Earnings</u>= 1000

2020 result of 500 without dividend distribution

<u>Retained Earnings</u>= 500

2021 result of 2300 and distribution of dividends by 300

<u>Retained Earnings</u>= 2000

<u>Total Retained Earnings</u>= 3500

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