OK I have to find the retained earnings and I have no idea how to do so. My assets are $350,000.00 and my liabilities are $80,000.00 and capital stock is $210,000.00 how do I find the retained earning?
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OK I have to find the retained earnings and I have no idea how to do so. My assets are $350,000.00 and my liabilities are $80,000.00 and capital stock is $210,000.00 how do I find the retained earning?
Remember:
Assets = Liabilities + Equity
Now what makes up Equity? Do you get it now?
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