restrictions on retained earnings

miu · #1 Oct 6, 2007, 07:29 PM

Retained earnings, December 31 $233,000

(b) Assume Eddie Zambrano Corp. restricted retained earnings in the amount of $70,000
" on December 31, 2007. After this action, what would Zambrano report as total retained earnings in
its December 31, 2007, balance sheet?"

Appropriated=70,000
Unappropriated=?

CaptainForest · Oct 6, 2007, 10:58 PM

233,000 – 70,000 = 163,000



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