Posted: April 29th, 2016

A for profit nursing home has beginning of period retained earnings of $40,000. Net Income for the period totals $75,000 and dividends declared during the period total $15,000. The balance sheet total for retained earnings will be what amount?

A for profit nursing home has beginning of period retained earnings of $40,000. Net Income for the period totals $75,000 and dividends declared during the period total ,000. The balance sheet total for retained earnings will be what amount?

A) $100,000
B) $90,000
C) $75,000
D) $130,000
E) None of the above