Question
Highmark Co. reported the following in 2013 financial statements: total assets $105,000, total liabilities $75,000, contributed capital $20,000, net income $40,000, dividends $1,000. What was
Highmark Co. reported the following in 2013 financial statements: total assets $105,000, total liabilities $75,000, contributed capital $20,000, net income $40,000, dividends $1,000. What was the retained earnings reported in its 2013 Balance Sheet?
choices:
$10,000
$35,000
$39,000
$30,000
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Accounting Information Systems
Authors: George H. Bodnar, William S. Hopwood
11th Edition
0132871939, 978-0132871938
