Beginning balance in retained earnings account

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Lansing Limited had a beginning balance in its Retained Earnings account of $385,800. During the year, the company declared and paid a $4,740 dividend, and at the end of the year, it reported Retained Earnings of $400,260. The company's net income for the year was:

Reference no: EM131289396

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Beginning balance in retained earnings account : Lansing Limited had a beginning balance in its Retained Earnings account of $385,800. During the year, the company declared and paid a $4,740 dividend, and at the end of the year, it reported Retained Earnings of $400,260. The company's net income fo..

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