Author Question: A firm's year-end retained earnings balance are 670,000 and 560,000 for 2014 and 2015, respectively. ... (Read 28 times)

jwb375 · **on:** Jul 11, 2018

A firm's year-end retained earnings balance are 670,000 and 560,000 for 2014 and 2015, respectively. The firm reported net profits after taxes of 100,000 in 2015. The firm paid dividends of ________ in 2015.

A) 10,000
B) 100,000
C) 110,000
D) 210,000

Question 2

A firm has a year-end retained earnings balance of 220,000 for 2014. The firm reported net profits after taxes of 50,000 and paid dividends of 30,000 in 2015. The firm's retained earnings balance at 2015 year end is ________.

A) 240,000
B) 250,000
C) 270,000
D) 300,000