From the information provided, determine: 1. The amount of retained earnings at December 31. 2. The amount
Question:
1. The amount of retained earnings at December 31.
2. The amount of revenues for the period.
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Additional data:
Expenses for the period were $75,000.
Dividends paid were $11,500.
Capital stock increased by $10,000 during the period
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1 The amount of retained earnings at December 31 and Current assets incr...View the full answer
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Related Book For 
Financial Accounting
ISBN: 978-0324645576
10th edition
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice
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