Use the following Balance Sheet and Income Statement to answer the question. If Jane Austin Bookstore paid $5,450 in dividends for 2010, what was the balance in Retained Earnings on December 31, 2009?
A)$42,000
B)$58,900
C)$48,000
D)$45,000

Question

Use the following Balance Sheet and Income Statement to answer the question.   If Jane Austin Bookstore paid $5,450 in dividends for 2010, what was the balance in Retained Earnings on December 31, 2009?
A)$42,000 
B)$58,900 
C)$48,000 
D)$45,000

Quizplus · Accepted Answer

The Answer of Use the following Balance Sheet and Income Statement to answer the question.   If Jane Austin Bookstore paid $5,450 in dividends for 2010, what was the balance in Retained Earnings on December 31, 2009?
A)$42,000 
B)$58,900 
C)$48,000 
D)$45,000

Use the Following Balance Sheet and Income Statement to Answer