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Miley Corporation had the following balance sheet data: Cash $80 Accounts Payable $30 Accounts Receivable $10 Salary Payable $25 Equipment $90 Common Stock $18 Retained
Miley Corporation had the following balance sheet data: Cash $80 Accounts Payable $30 Accounts Receivable $10 Salary Payable $25 Equipment $90 Common Stock $18 Retained Earnings Land $100 ? After preparation of the above Balance Sheet, $5 of Accounts Payable was paid in Cash. After the payment, what will Miley report as Retained Earnings? $207 $50 $225 $275
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