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How will this impact Retained Earnings

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Reference no: EM132968189

Question - XYZ Company has a net loss of $100,000 for the year and pays dividends of $30,000 to its shareholders. How will this impact Retained Earnings?

A. Retained earnings will decrease by $70,000.

B. Retained earnings will decrease by $30,000.

C. Retained earnings will decrease by $130,000.

D. Retained earnings will decrease by $100,000.

E. Retained earnings will not change.

Reference no: EM132968189

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