Business, 27.05.2020 17:57 Heavengunn15
At the beginning of the year, a company's balance sheet reported the following balances: Total Assets = $175,000; Total Liabilities = $24,750; Total Paid-in capital of $57,750; and Retained earnings = $92,500. During the year, the company reported revenues of $50,500 and expenses of $33,000. In addition, dividends for the year totaled $22,000. Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be:
Answers: 1
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At the beginning of the year, a company's balance sheet reported the following balances: Total Asset...
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