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Use the following to answer questions 27-29 The Company had the following Net Income (Loss) 20A-200. Determine their Ending Retained Earnings amount for each
Use the following to answer questions 27-29 The Company had the following Net Income (Loss) 20A-200. Determine their Ending Retained Earnings amount for each year. (Keep you answer "in millions" like the example. The Company (In Millions) Ending Retained Year 20A Net Income or (Loss) $1.45 Dividends Earnings $0.25 $1.20 208 27. $2.34 $1.50 200 28. (50.31) $0.10 200 29. $1.78 $1.15 Use the following to answer questions 30-33 The following account balances appear in the 20XC year-end POST-closing trial balance of AC Corporation: $10,000 Cash Accounts Receivable 25,000 Inventory 125,000 Equipment 500,000 Accumulated Depreciation 100,000 Accounts Payable 12,000 Notes Payable 175,000 Common stock Retained earnings 200,000 30. 5 31. $ Determine the total amount of debits that would be shown on the post-closing trial balance Determine retained earnings that would be shown on the post-closing trial balance 32. $ Determine total current assets 33. 5 Determine the book value of the equipment Chapter 3 Page 3-5
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