Posted: September 23rd, 2016

At the end of 2008, retained earnings for the Jasper Company was $1,750. Revenue earned by the company in 2008 was $2,000, expenses paid during the period were $1,100, and dividends paid during the period were $500. Based on this information alone, retained earnings at the beginning of 2008 was

At the end of 2008, retained earnings for the Jasper Company was $1,750. Revenue earned by the company in 2008 was $2,000, expenses paid during the period were $1,100, and dividends paid during the period were $500. Based on this information alone, retained earnings at the beginning of 2008 was

A. $850.
B. $2,150.
C. $1,350.
D. $4,000.