Question
Corporation X reported the following amounts at the end of the first year of operations: Common stock $200,000 Sales revenue 800,000 Total assets 600,000 Dividends
Corporation X reported the following amounts at the end of the first year of operations:
Common stock $200,000
Sales revenue 800,000
Total assets 600,000
Dividends paid 40,000
Total liabilities 320,000
What are the retained earnings of Corporation X at the end of the year?
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
3rd Edition
0136070736, 978-0136070733
