Business, 28.01.2020 23:51 familygrahambusiness
The balance sheet of the algonquin company reported assets of $50,000, liabilities of $22,000 and common stock of $15,000. based on this information only, the amount or balance for retained earnings must be:
a) $7,000.
b) $87,000.
c) $13,000.
d) $57,000.
Answers: 2
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