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explain the difference between assets and retained earnings; use this answer in Part 3 as part of the explanation. UMAMI SUSTAINABLE SEAFOOD INC Equity Section
explain the difference between assets and retained earnings; use this answer in Part 3 as part of the explanation.
| UMAMI SUSTAINABLE SEAFOOD INC | ||||
| Equity Section of the Balance Sheet | ||||
| December 31, 2018 | ||||
| Contributed capital: | ||||
| Common shares, unlimited shares authorized, | ||||
| 2 | 22,000 | shares issued and outstanding | $ 430,800 | |
| Retained Rearnings | 428,800 | |||
| Total Equity | 859,600 | |||
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Modern Auditing
Authors: Graham Cosserat
1st Edition
0471810584, 9780471810582
