Question
On June 1 Acme Inc. has Retained Earnings of $41222. In June the firm sold $12690 in additional capital stock for cash. In June the
On June 1 Acme Inc. has Retained Earnings of $41222. In June the firm sold $12690 in additional capital stock for cash. In June the firm obtained an interest free loan of $15993 from one of the stockholders. Revenues for June were $15319. Expenses for June were $11028 In June the company paid out a total of $1070 in dividends to its shareholders. What is the value of Retained Earnings on June 30?
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Financial Accounting Tools For Business Decision Making
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
8th Edition
1119316022, 978-1119316022
