BUSN 5200 QD F2 2022: A corporation had a year end 2004 retained earnings balance of $220,000. The firm reported net profits after taxes of $50,000 in 2005 and paid dividends in 2005 of $30,000. The firm’s retained earnings balance at year end 2005 was _________.

Posted: December 21st, 2022

A corporation had a year end 2004 retained earnings balance of $220,000. The firm reported net profits after taxes of $50,000 in 2005 and paid dividends in 2005 of $30,000. The firm’s retained earnings balance at year end 2005 was _________.

$240,000

$250,000

$270,000

$300,000

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