Business, 01.04.2021 06:20 bobby237065
Bill owns a small business selling e-sports accessories. His balance sheet at the end of last year showed retained earnings of $11,230. The following facts relate to Bill's activities this year.
Bill declared and paid a dividend of $1,030.
Bill issued 40 new shares of stock. Investors paid $30 per share.
Bill earned net income of $40,682
What dollar value of retained earnings should Bill report on his balance sheet at the end of this year?
Answers: 2
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Bill owns a small business selling e-sports accessories. His balance sheet at the end of last year s...
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