Question
The following information appears on the balance sheet of Barrel Corporation at year-end: Accounts receivable$ 46,000 Accounts payable22,000 Supplies18,000 Cash16,000 Equipment276,000 Capital stock260,000 What is
The following information appears on the balance sheet of Barrel Corporation at year-end:
Accounts receivable$ 46,000
Accounts payable22,000
Supplies18,000
Cash16,000
Equipment276,000
Capital stock260,000
What is the year-end balance in retained earnings?
Select one:
A.$362,000
B.$598,000
C.$114,000
D.$ 74,000
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
8th edition
978-1-119-3904, 1119392422, 111939242X, 1119390451, 978-1119392422
