 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Retained Earnings Computations.
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 issued. Compute the retained earnings on December 31, 2005, and 2006.
|
||||
|
||||
|
Did you read the response that I gave to you on the following link and also the link to the rules here concerning homework help that was provided within my response?
https://www.askmehelpdesk.com/financ...ns-157170.html Please show some effort in doing your own homework. If you would like to discuss as to why your answers are correct or incorrect, then there are some really helpful people here who would be glad to do that. Thank you! |
||||
Not your question?
Ask your question
View similar questions
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
Retained Earnings Computations
[ 4 Answers ]
Retained Earnings Computations 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...
Retained earnings computations
[ 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
|
