Question
Prior to closing, Syracuse Company's accounting records showed the following balances: Retained Earnings : $8,600 Service revenue: 9,250 Interest revenue: 1,600 Salaries expense: 6,100 Operating
Prior to closing, Syracuse Company's accounting records showed the following balances:
Retained Earnings : $8,600
Service revenue: 9,250
Interest revenue: 1,600
Salaries expense: 6,100
Operating expense: 2,150
Interest expense: 1,300
Dividends: 1,900
After closing, Syracuse's retained earnings balance would be:
A. $8,600
B. $9,900
C. $8,000
D. $11,800
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Cost-Benefit Analysis Concepts and Practice
Authors: Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer
5th edition
1108401295, 9781108415996, 1108415997, 978-1108401296
