Questions by xspencer - Page 26
Quartz Instruments had retained earnings of $145,000 at December 31, 20X1. Net income for 20X2 totaled $90,000, and dividends for 20X2 were $30,000.How much retained earnings should Quartz report at December 31, 20X2?a. $205,000b. $235,000c. $140,000d. $175,000