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Harbor City Corporation's end-of-year balance sheet consisted of the following amounts: Cash $ 15,000 Accounts receivable $50,000 Property, plant, and equipment 70,000 Long-term debt 40,000
Harbor City Corporation's end-of-year balance sheet consisted of the following amounts:
| Cash | $ 15,000 | Accounts receivable | $50,000 | |
| Property, plant, and equipment | 70,000 | Long-term debt | 40,000 | |
| Capital stock | 100,000 | Accounts payable | 20,000 | |
| Retained earnings | ? | Inventory | 35,000 |
What is Harbor City's retained earnings balance at the end of the current year?
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Digital Transformation In Accounting
Authors: Richard Busulwa, Nina Evans
1st Edition
0367362090, 9780367362096
