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Retained earnings
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How do I start to figure out how to do retained earnings of an asset? I have taken accounting 1,2,3 already but it has been a few quarters. I am now taking Intermediate accounting 1 and 2 online and having some problems. Please someone help me. Susan
Retained earnings
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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...
Retained Earnings
[ 1 Answers ]
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... View more questions Search
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