The following information pertains to ABC Company.
Estimated net income for 2019 = $500
Beginning retained earnings, January 1, 2019 = $2,100
Estimated distributions to owners during 2019 = $300
What is the company's ending balance in retained earnings at the end of the year, December 31, 2019?
a. |
$2,700 |
|
b. |
$2,500 |
|
c. |
$2,300 |
|
d. |
$2,200 |
Get Answers For Free
Most questions answered within 1 hours.