Question
Selected account balances from the two companies individual records were as follows Phoenix Sedona 2018 Revenues$606,000 $312,600 2018 Expenses 386,000 205,000 2018 Income from Sedona
Selected account balances from the two companies individual records were as follows
Phoenix Sedona
2018 Revenues$606,000 $312,600
2018 Expenses 386,000 205,000
2018 Income from Sedona 81,900
Retained earnings 123118 355,900 211,100
What is Phoenix's consolidated retained earnings balance at December 31, 2018?
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
