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    elrhar2011's Avatar
    elrhar2011 Posts: 4, Reputation: 1
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    #1

    May 30, 2011, 03:22 PM
    Retained earnings statement
    During 2009, Edgemont Corporation had revenues of $230,000 and expenses, including income taxes, of $190,000. On December 31, 2008, 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 2009. No additional stock was issued. Compute the retained earnings on December 31, 2008, and 2009.

    Put this in a retained earning statement.
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
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    #2

    May 30, 2011, 07:51 PM

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    This thread might help you.

    https://www.askmehelpdesk.com/financ...ml#post2807207

    Have you figured out your net income?
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