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1.Henderson Inc. reports the following: assets of $500,000, liabilities of $350,000 and capital stock of $100,000. What is the balance in retained earnings? a.$450,000 b.$50,000

1.Henderson Inc. reports the following: assets of $500,000, liabilities of $350,000 and capital stock of $100,000. What is the balance in retained earnings?

a.$450,000

b.$50,000

c.$250,000

d.$750,000

Can you please explain why the answer is 250,000?

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