The following information is available for Cubic Company before closing the accounts. After all closing entries are made, what will be the balance in the Retained earnings account? Net income $112,700 Retained earnings 108,000Dividends 40,000a.$180,700.b.$112700. c.$935,300. d.$253,400. e. S220,700.

Option (a) is correct.

Explanation:

Given that,

Net income = $112,700

Retained earnings = $108,000

Dividends = $40,000

After all closing entries are made,

The balance in the Retained earnings account is as follows:

= Retained earnings + Net income - Dividends

= $108,000 + $112,700 - $40,000

= $180,700

Hence, the balance in the retained earnings account is $180,700.

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

i believe it’s b because the rest don’t make sense