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View Full Version : Restrictions on retained earnings


miu
Oct 6, 2007, 07:29 PM
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?"

Appropriated=70,000
Unappropriated=?

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