lmann0212 Posts: 1, Reputation: 1 New Member #1 Dec 8, 2007, 12:38 AM
Retained Earnings Computation
I have total Assets of \$34,500 and liabilities of \$22,900. I am supposed to list the Capital as well as the Retained earnings.

I know that equity = assets - liabilities and that my Equity + Liabilities should equal my Assets, but how do I determine how much of my equity gets placed in Retained earnings and how much is capital?
 CaptainForest Posts: 3,645, Reputation: 393 Ultra Member #2 Dec 8, 2007, 01:43 PM
Without more information, there is no way to figure out how to split the equity between capital and retained earnings

 Question Tools Search this Question Search this Question: Advanced Search

## Check out some similar questions!

Retained Earnings Computation [ 1 Answers ]

Question: During 2006 Den Company had revenues of \$230,000 and expenses for income tax Of \$ 190,000. On December 31, 2005 Den Company had assets of \$350,000 and liabilites of \$ 80,000. And capitol stock of \$ 210,000. Den Company paid a cash dividend of \$25,000 in 2006. What is the...

Retained earnings computation [ 3 Answers ]

Can someone please look at this and let me know if I am correct ? 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...

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...

Retained earnings [ 1 Answers ]

simpson enterprise began 2003 with retained earnings of 1,000,000.during 2003 the firm earned 400,000after taxes.from the amount,preffered stockholders were paid 47,000in dividendsand common stockholders were paid200,000.at the year end 2003the firm retained earnings totaled=