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    bgrandstrand's Avatar
    bgrandstrand Posts: 1, Reputation: 1
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    #1

    Jul 25, 2011, 03:50 PM
    Retained earnings
    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.
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
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    #2

    Jul 25, 2011, 04:08 PM

    Please read the following.

    Announcement:

    If you'll post your attempt, we will check it and help you understand whatever is needed. Thanks.
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