Question

Athena Company is preparing a statement of stockholders' equity for 2023 . On December 31,2023 , Athena's retained earnings balance was $175,000. During the year, Athena earned $77,500 of net income and declared dividends of $17,500. Additionally, during the year Athena received $22,500 as an additional investment from its owners. What was the balance in Athena's retained earnings on January 1,2023 ? Multiple Choice $100,000 $95,000 $57,500 $115,000 Athena Company is preparing a statement of stockholders'equity for 2023.On December 31,2023,Athena's retained earnings balance was $175,000.During the year,Athena earned $77,500 of net income and declared dividends of $17,500.Additionally, during the year Athena received $22,500 as an additional investment from its owners.What was the balance in Athena's retained earnings on January1,2023 Multiple Choice $100,000 $95,000 $57,500 $115,000

          Athena Company is preparing a statement of stockholders' equity for 2023 . On December 31,2023 , Athena's retained earnings balance was $175,000. During the year, Athena earned $77,500 of net income and declared dividends of $17,500. Additionally, during the year Athena received $22,500 as an additional investment from its owners. What was the balance in Athena's retained earnings on January 1,2023 ?
Multiple Choice
$100,000
$95,000
$57,500
$115,000
Athena Company is preparing a statement of stockholders'equity for 2023.On December 31,2023,Athena's retained earnings balance was $175,000.During the year,Athena earned $77,500 of net income and declared dividends of $17,500.Additionally, during the year Athena received $22,500 as an additional investment from its owners.What was the balance in Athena's retained earnings on January1,2023
Multiple Choice
$100,000
$95,000
$57,500
$115,000

athena company is preparing a statement of stockholders equity for 2023 on december 312023 athenas retained earnings balance was 175000 during the year athena earned 77500 of net income and 86827

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