Ask Question
22 June, 18:38

If retained earnings has instead decreased $47,500 after the closing entries were posted, and the dividends remained the same, what would have been the amount of net income or net loss?

+3
Answers (1)
  1. 22 June, 19:03
    0
    There will be a net loss since the retained earnings have been decreased by $47,500 after closing the entries. Even if the dividends remain the same. The dividend amount is small compared to the retained earnings and this will result to investment losses.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If retained earnings has instead decreased $47,500 after the closing entries were posted, and the dividends remained the same, what would ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers