contestada

14. On January 1, 2015 Chenlu Corporation had retained earnings of ¥4,000,000. During 2015, they reported net income of ¥750,000 and dividends of ¥100,000. What is the amount of Chenlu’s retained earnings at the end of 2009?

Respuesta :

Answer:

¥4,650,000

Explanation:

We know that

The ending balance of retained earnings = Beginning year balance of retained earnings + net income reported - cash dividend paid

= ¥4,000,000 + ¥750,000 - ¥100,000

=  ¥4,650,000

We simply added the net income and subtract the dividend amount to the beginning year balance of retained earning so that the ending balance of retained earnings can come

Otras preguntas

good job