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Use the following to answer questions 27-29 The Company had the following Net Income (Loss) from 204 - 200. Determine their Ending Retained Earnings amount
Use the following to answer questions 27-29 The Company had the following Net Income (Loss) from 204 - 200. Determine their Ending Retained Earnings amount for each year The Company (in Millions Ending Retained Year Net Income (Loss) Dividends Earnings 20A $5.65 $1.10 $1.55 27 208 $1.50 $0.90 200 ($0.75) $0.50 29 200 $3.95 $1.50 28 Use the following to answer questions 30 - 33 The following account balances appear in the 20x0 year end POST-closing triat balance of BAC Corporation: Cash $250,000 Accounts Receivable 198.000 Inventory 695,000 Equipment 1,000,000 Accumulated Depreciation 300,000 Accounts Payable 36,000 Notes Payable 500,000 Common stock 600,000 Retained earning 205 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 dosing trial balance 12 Determine total current assets Outermine the book value of the equipment
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