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    kmarie15's Avatar
    kmarie15 Posts: 1, Reputation: 1
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    Nov 6, 2006, 06:47 PM
    Retained earnings computations
    During 2006, Edgemont Corporation had revenues of $230,000 and expenses, including income taxes, of $190,000. On December 31, 2005, 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 2006. No additional stock was issued. Compute the retained earnings on December 31, 2005, and 2006.
    coledebbie's Avatar
    coledebbie Posts: 3, Reputation: 0
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    Jul 8, 2007, 01:17 PM
    Quote Originally Posted by kmarie15
    During 2006, Edgemont Corporation had revenues of $230,000 and expenses, including income taxes, of $190,000. On December 31, 2005, 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 2006. No additional stock was issued. Compute the retained earnings on December 31, 2005, and 2006.
    During 2006, Edgemont Corporation had revenues of $230000 and expenses, including income taxes, of $190000. On December 31, 2005, Edgemont had
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