The Don\'t Tread on Me Tire Company had retained earnings at December 31, 2013 o

Question

The Don't Tread on Me Tire Company had retained earnings at December 31, 2013 of $200,000. During 2014, the company had revenues of $400,000 and expenses of $350,000, and the company declared and paid dividends of $11,000. Retained earnings on the balance sheet as of December 31, 2014 will be: Answer $39,000. $239,000. $250,000. $289,000. The Don't Tread on Me Tire Company had retained earnings at December 31, 2013 of $200,000. During 2014, the company had revenues of $400,000 and expenses of $350,000, and the company declared and paid dividends of $11,000. Retained earnings on the balance sheet as of December 31, 2014 will be: The Don't Tread on Me Tire Company had retained earnings at December 31, 2013 of $200,000. During 2014, the company had revenues of $400,000 and expenses of $350,000, and the company declared and paid dividends of $11,000. Retained earnings on the balance sheet as of December 31, 2014 will be: $39,000. $239,000. $250,000. $289,000. $39,000. $239,000. $250,000. $289,000.

Explanation / Answer

$200,000+50,000-$11000=$239,000.

$239,000.

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