# The Don-'t Tread on Me Tire Company had retained earnings at December.docx

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The Don\'t Tread on Me Tire Company had retained earnings at December 31, 2013 of \$202.000. During 2014, the company had revenues of \$402,000 and expenses of \$351,000, and the company declared and paid dividends of \$11,200. Retained earnings on the balance sheet as of December 31, 2014 will be: \$39,800. \$241,800. \$253,000. \$292,800. Solution Closing Retained Earnings (31.3.2014) = Opening retained earning = \$ 202000 Add: Company\'s income during the year i.e; revenue - expenses so, 402000 -351000 = \$ 51000 i.e 202000 +51000 = \$ 253000 less: dividend = 11200 So, Retained earnings closing (31.03.2014 ) = \$ 241800 Thanks .

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### The Don-'t Tread on Me Tire Company had retained earnings at December.docx

• 1. The Don't Tread on Me Tire Company had retained earnings at December 31, 2013 of \$202.000. During 2014, the company had revenues of \$402,000 and expenses of \$351,000, and the company declared and paid dividends of \$11,200. Retained earnings on the balance sheet as of December 31, 2014 will be: \$39,800. \$241,800. \$253,000. \$292,800. Solution Closing Retained Earnings (31.3.2014) = Opening retained earning = \$ 202000 Add: Company's income during the year i.e; revenue - expenses so, 402000 -351000 = \$ 51000 i.e 202000 +51000 = \$ 253000 less: dividend = 11200 So, Retained earnings closing (31.03.2014 ) = \$ 241800 Thanks
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