retained earnings

CissyK · #1 May 1, 2007, 09:43 PM

During 2006, Edgemont Corporation had revenues of $230,000 and expenses, including income taxes, of $190,000. On December 31, 2005, Edgemont had assets of $350,000, liabilities of $80,000, and capital stock of $210,000. Edgemont paid a cash dividend of $25,000 in 2006. No additional stock was issued. Compute the retained earnings on December 31, 2005, and 2006

Clough · May 2, 2007, 02:58 AM

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singharSahil · May 3, 2007, 06:49 AM

what is retained earnings show the in numerical



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