Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 27, 2024

Mark Corporation reported the following for 2019; total assets, $65,000; total liabilities, $20,000; contributed capital, $30,000. Therefore, retained earnings was: A. $15 000 B. $35

Mark Corporation reported the following for 2019; total assets, $65,000; total liabilities, $20,000; contributed capital, $30,000. Therefore, retained earnings was:

A. $15 000

B. $35 000

C. $45 000

D. $25 000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Charles T Horngren, Walter T Harrison

9th Edition

132959674, 978-0132569057

More Books

Students also viewed these Accounting questions

Question

★★★★★

The relationship between yield of maize, date of planting, and planting density was investigated in the article Development of a Model for Use in Maize Replant Decisions (Agronomy Journal [1980]:...

Answered: 1 week ago

Question

★★★★★

Miriam is a business consultant. She provided the following information at the end of her first year on 30 September 204. $ Office expenses .................................. 7,250 Wages...

Answered: 1 week ago

Question

★★★★★

Compare the M/G/1 system for first-come, first-served queue discipline with one of last-come, first-served (for instance, in which units for service are taken from the top of a stack). Would you...

Answered: 1 week ago

Question

★★★★★

The following information is available for Rosetta Company for 2010: Instructions 1. Prepare the 2010 statement of cost of goods manufactured. 2. Prepare the 2010 incomestatement. Inventories January...

Answered: 1 week ago

Question

★★★★★

1 . Declare the headers ( class declaration ) for the classes in the class diagram. 2 . Declare no - argument constructors for Shape, TwoDimensionalShape, and ThreeDimensionalShape classes. 3 ....

Answered: 1 week ago

Question

★★★★★

quation using the quadratic formula. Separate multiple answers with a comma if r 5x^(2)+3=-4x 0 answers

Answered: 1 week ago

Question

★★★★★

Dolan Products is a small, family-owned audio component manufacturer. Several years ago, the company decided to concentrate on only three models, which were sold under many brand names to electronic...

Answered: 1 week ago

Question

★★★★★

ANOVA CASE STUDY The watch supervisor wants to know if there is a statistical significance between the working shift's productivity. The following data pertains: 4 PMMidnight 21 Midnight 8 AM...

Answered: 1 week ago

Question

★★★★★

the McKinsey Customer Decision Journey model of consumer behavior suggests that the best thing fter customers make a purchase is: Begin an ongoing and regular process of exposing them to the brand\'s...

Answered: 1 week ago

Question

★★★★★

B Remember to SAVE your work C D QUESTION 3-REVENUE VARIANCE ANALYSIS-Version C (25 marks) ABC Co. manufactures widgets and has the following operating Information for the past year: Product Line...

Answered: 1 week ago

Question

★★★★★

5. Use any method (including calculators!) to compute the following volumes. a) The region bounded by y = sin(x) and the lines y = 0, x = 0, and x = 2 rotated around the x-axis. b) The region bounded...

Answered: 1 week ago

Question

★★★★★

10. How much time does it take between when we collect information until it is used in decision-making?

Answered: 1 week ago

Question

★★★★★

2. Ask questions, listen rather than attempt to persuade.

Answered: 1 week ago

Question

★★★★★

9. How much of the information collected will be used in decision-making?

Answered: 1 week ago

Previous Question Next Question