Tart Restaurant Holdings, Incorporated began the year with a retained earnings balance of $950,000. Thecompany paid a total of $14,000 in dividends and experienced a net loss of $20,000 this year. What is theending retained earnings balance?

Ending balance of retained earning can be calculated by deducting net loss and dividend paid.

Answered: Tart Restaurant Holdings, Incorporated…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 18EB: Tart Restaurant Holdings, Incorporated began the year with a retained earnings balance of $950,000....

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Tart Restaurant Holdings, Incorporated began the year with a retained earnings balance of $950,000. The company paid a total of $14,000 in dividends and experienced a net loss of $20,000 this year. What is the ending retained earnings balance?