A company’s retained earnings at the beginning of the year is $1 million. It paid $100,000 in dividends, had $250,000 in net income, and its goodwill increased by $10,000.
A company’s retained earnings at the beginning of the year is $1 million.
It paid $100,000 in dividends, had $250,000 in net income, and its goodwill increased by $10,000. What is its retained earnings as of the end of the year?
$1,160,00
$1,250,000
$1,260,000
$1,150,000
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