Lorna Company has the following account balances at the end of the first year of operations: What is the ending balance in Retained Earnings?
A)$13,000
B)$23,000
C)$25,000
D)$53,000

Question

Lorna Company has the following account balances at the end of the first year of operations:  What is the ending balance in Retained Earnings?
A)$13,000 
B)$23,000 
C)$25,000 
D)$53,000

Quizplus · Accepted Answer

The Answer of Lorna Company has the following account balances at the end of the first year of operations:  What is the ending balance in Retained Earnings?
A)$13,000 
B)$23,000 
C)$25,000 
D)$53,000

Lorna Company Has the Following Account Balances at the End