Retained Earnings Video Lessons

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Problem: The beginning balance of retained earnings was $7,500. The dividends paid to stockholders' were $1,500. The ending balance of retained earnings is $5,000. What was the net income or net loss for the accounting period?  A) net loss of $1,000 B) net income of $1,000 C) net loss of $2,000 D) net income of $2,500

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The beginning balance of retained earnings was $7,500. The dividends paid to stockholders' were $1,500. The ending balance of retained earnings is $5,000. What was the net income or net loss for the accounting period? 

A) net loss of $1,000

B) net income of $1,000

C) net loss of $2,000

D) net income of $2,500

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