(SOLVED): ABC International has $500,000 of net profits in its current year, pays out $150,000 for dividends, and has a beginning retained earnings balance of


Question Description:

$15

ABC International has $500,000 of net profits in its current year, pays out $150,000 for dividends, and has a beginning retained earnings balance of $1,200,000. Its retained earnings will be? show your workings

Answer

$15