From the information provided determine: 1. The amount of retained earnings at December 31. 2. The amount

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From the information provided determine: 1. The amount of retained earnings at December 31. 2. The amount of revenues for the period. Totals Current assets All other assets Liabilities. Capital stock Retained earnings Additional data: Expenses for the period were $35,000. Dividends paid were $7,500. January 1 $ 5,000 150,000 Capital stock increased by $5,000 during the period. December 31 $ 10,000 160,000 25,000 30,000 50,000 ? 80,000 ?

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Survey Of Accounting

ISBN: 9780538846172

1st Edition

Authors: James D. Stice, W. Steve Albrecht, Earl Kay Stice, K. Fred Skousen

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