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Homework answers / question archive / The following selected amounts are available for Skysong, Inc

The following selected amounts are available for Skysong, Inc

Accounting

The following selected amounts are available for Skysong, Inc. Retained earnings (beginning) $3200 Net loss 170 Cash dividends declared 175 Stock dividends declared 180 What is its ending Retained Earnings balance? O $2855. O $2930. O $2675. O $3030.

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Answer:$2675

Ending Retained earnings balance = Retained earnings beginning - Net Loss - Cash dividends declared - Stock dividends declared = $3200 - $170 - $175 - $180 = $2675

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