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What is the amount of retained earnings on the Balance Sheet at the end of Year 4? a) $4,800. b) $7,725. c) $4,725. d) $6,725.
What is the amount of retained earnings on the Balance Sheet at the end of Year 4?
a) $4,800. | ||
b) | $7,725. | |
c) | $4,725. | |
d) | $6,725. |
The following accounts are taken from the December 31, Year 4 financial statements of a company. Accounts Payable $2,075 Accounts Receivable 800 Selling & Administrative Expenses 2,500 Cash 2,200 Common Stock 2,000 Dividends 1,900 Income Tax Expense 400 Interest Expense 75 Other Expenses 500 Notes Payable 5,000 Other Assets
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