Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Restrictions on retained earnings (https://www.askmehelpdesk.com/showthread.php?t=137849)

  • Oct 6, 2007, 07:29 PM
    miu
    restrictions on retained earnings
    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=?
  • Oct 6, 2007, 10:58 PM
    CaptainForest
    233,000 – 70,000 = 163,000

    • All times are GMT -7. The time now is 03:23 AM.