FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available
Retained earnings balance at the beginning of the year
Cash dividends declared for the year
Proceeds from the sale of equipment
Gain on the sale of equipment
Net income for the year
What is the ending balance for retained earnings?
Multiple Choice
O $218,000
O $170,000
O $352.000
$172,000
$179,000
$ 126,000
46,000
81,000
7,000
92,000
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Transcribed Image Text:The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available Retained earnings balance at the beginning of the year Cash dividends declared for the year Proceeds from the sale of equipment Gain on the sale of equipment Net income for the year What is the ending balance for retained earnings? Multiple Choice O $218,000 O $170,000 O $352.000 $172,000 $179,000 $ 126,000 46,000 81,000 7,000 92,000
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