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retained earnings
Bears Corporation had the following accounts and balances in its general ledger at December 31 ,20X9
Cash $45,000 Accounts Payable $80,000 Property,Plant& Equipment $200,000 Long-Term Debt $60,000 Capital Stock $150,000 Accounts Receivable $90,000 Retained Earnings ? Inventory $75,000 Question: What’s Bear’s Retained earnings balance at the end of 20X9?? I came up with this can you tell me if I'm right... A= L+SE+RE 410,000=140,000+150,000+RE =290,000+RE 410,000-290,000=120,000 I:e Retained Earnings is $120,000.00 |
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