Ace Corporation has been in business for many years. Retained earnings on January 1, 2010, is $235,800.

Question:

Ace has been in business for many years. Retained earnings on January 1, 2010, is $235,800. The following information is available for the first two months of 2010:

Ace Corporation has been in business for many years. Retained

Required
Prepare a statement of retained earnings for the month ended February 28,2010.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...