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Based on the given information, what will be the retained earnings for a given accounting period?

Items Amount ($)
total expenses 50,000
total income 75,000
dividend paid 5,000


A.
30,000
B.
15,000
C.
25,000
D.
20,000

Answer :

the answer is letter c

Answer:

20,000

Step-by-step explanation:

It is right on plato/edmentum

You just take 75,000-50,000=25,000 and then since it is dividend paid you will subtract the 5,000 from 25,000 and then you will get 20,000.

So 20,000 is your answer. :)

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