Question
Balance sheet 2021 2022 Cash 16,074 19,664 Money Market 15,000 15,000 Computer 5,600 5,600 Deprecation (1,120) (2,912) Total Assets 35,554 37,352 Libilities Wages 452 464
Balance sheet 2021 2022
Cash 16,074 19,664
Money Market 15,000 15,000
Computer 5,600 5,600
Deprecation (1,120) (2,912)
Total Assets 35,554 37,352
Libilities
Wages 452 464
Payroll taxes 42 47
Notes long term total libilites 504 528
Stockholder equity
Common stock 100 100
Additional paid cash 10,000 10,000
Retained earning 24,950 36,724
Totals 35,554 37,352
Reviewing the balance sheet
In 2022 Hill made a total distribution of $10,000. This amount was paid to the 4 shareholders in accordance with their ownership % of 40&, 40% 10% and 10% If the corportation had not made this distribution the end of the year cash account would be higher. Which of the following end of the year items on balance sheet would also be higher if the corporation had not made a distibution in 2022?
a. notes payable short term
b. retained earnings
c notes payable long term
d. additional paid in capital
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