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can you figure out the retained earnings for this problem???
during 2009 company x has revenue 0f 230,000 & expenses including income tax of 190,000 on dec 31 2008 they has asset of 350000 liabilities of 80000 &capital stock of 210000. they paid a cash dividend of 25,000 in 2009 no additional stock was issued. compute the retained earnings for both 2008 and 2009
under 20008 2009
350000 230,000
(80000) (25,000)
210000
480,000 205,000
1 Answer
- Bostonian In MOLv 71 decade agoFavorite Answer
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