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    miu's Avatar
    miu Posts: 2, Reputation: 1
    New Member

    Oct 6, 2007, 07:29 PM
    restrictions on retained earnings
    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?"

    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member

    Oct 6, 2007, 10:58 PM
    233,000 70,000 = 163,000

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