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Home > Education > Homework Help > Finance & Accounting   »   calculate retained earnings

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Old Jan 22, 2007, 12:47 PM
Fisher321
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calculate retained earnings
If a corporation has assets of $250,000, liabilities of $70,000, and capital stock of $120,000, what is the amount of retained earnings?

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Old Jan 22, 2007, 09:10 PM   #2  
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A = L + SE
250k = 70k + 120k + RE
RE = 60,000
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