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ABC company has total assets of 500,000 and total liabilities of 300,000. The companies only equity components were common stock and retained earnings . If
ABC company has total assets of 500,000 and total liabilities of 300,000. The companies only equity components were common stock and retained earnings .
If common stock was 50,000, how much does retained earning have to be?
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To find the amount of retained earnings we can use the formula Retained Earnings To...
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
