Business, 06.11.2019 20:31 lerasteidl
Thermopolis, inc. reported retained earnings of $490,953 on december 31, 2017. during the year, thermopolis recorded net income of $135,075 and paid dividends of $57,762. the company had no other transactions that affected retained earnings. what must retained earnings have been on december 31, 2016?
a. $ 57,762
b. $237,250
c. $413,640
d. $478,842
e. none of the above
Answers: 1
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Thermopolis, inc. reported retained earnings of $490,953 on december 31, 2017. during the year, ther...
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