If a corporation has assets of $250,000, liabilities of $70,000, and capital stock of $120,000, what is the amount of retained earnings?
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If a corporation has assets of $250,000, liabilities of $70,000, and capital stock of $120,000, what is the amount of retained earnings?
A = L + SE
250k = 70k + 120k + RE
RE = 60,000
Claculate for netincome from retained earnings
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