Homework answers / question archive / A corporation had year end 2017 and 2018 retained earnings balances of $230,000 and $360,000, respectively

A corporation had year end 2017 and 2018 retained earnings balances of $230,000 and $360,000, respectively

Finance

Share With

A corporation had year end 2017 and 2018 retained earnings balances of $230,000 and $360,000, respectively. In 2018 the firm paid $110,000 in dividends. If the firm is subject to a 40% tax rate, how much is the Net profits before taxes in 2018? Select one: O a. $400,000 b. $300,000 O c. $600,000 d. $500,000