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    lyricstarr's Avatar
    lyricstarr Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 23, 2010, 12:36 AM
    Prepare an income statement Assume that 11,000 shares of stock are outstanding
    During 2009, Edgemont Corporation had revenues of $230,000 and expenses, including
    Income taxes, of $190,000. On December 31, 2008, 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 2009. No additional stock was issued. Compute the retained earnings on
    December 31, 2008, and 2009.
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Jan 23, 2010, 01:01 AM
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: https://www.askmehelpdesk.com/financ...-b-u-font.html
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