Business, 19.06.2021 01:10 AK3892

For the current financial year a hotel had $350,000 in its retained earnings account at the beginning of the year. During the year it earned $80,000 in profit and paid $32,000 in dividends to its owners. The balance sheet at the end of the current financial year should reflect a retained earnings balance of: A.$430,000. B.$318,000. C.$398,000. D.$48,000. E.$80,000.

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For the current financial year a hotel had $350,000 in its retained earnings account at the beginnin...