Ask Experts Questions for FREE Help !
Ask
    miu's Avatar
    miu Posts: 2, Reputation: 1
    New Member
     
    #1

    Oct 6, 2007, 07:29 PM
    restrictions on retained earnings
    Retained earnings, December 31 $233,000

    (b) Assume Eddie Zambrano Corp. restricted retained earnings in the amount of $70,000
    " on December 31, 2007. After this action, what would Zambrano report as total retained earnings in
    its December 31, 2007, balance sheet?"

    Appropriated=70,000
    Unappropriated=?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
     
    #2

    Oct 6, 2007, 10:58 PM
    233,000 – 70,000 = 163,000

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Retained earnings [ 1 Answers ]

Please help me with this question!! The problems is that after the books have been closed a review was done which revealed some other information. Any way my question is do retained earnings care a debt or credit balance? :)

Retained Earnings [ 1 Answers ]

Hi! I suck at accounting and I don't know what I am doing... I have to find the retained earnings for two different occasions... 1. After one year of business, Holt's Computer Repair Inc. had 6,000 in assets, 3,500 in liabilities, and 1,000 in contributed capital. What is the retained...

Retained earnings [ 1 Answers ]

How do I start to figure out how to do retained earnings of an asset? I have taken accounting 1,2,3 already but it has been a few quarters. I am now taking Intermediate accounting 1 and 2 online and having some problems. Please someone help me. Susan

Retained earnings [ 1 Answers ]

simpson enterprise began 2003 with retained earnings of 1,000,000.during 2003 the firm earned 400,000after taxes.from the amount,preffered stockholders were paid 47,000in dividendsand common stockholders were paid200,000.at the year end 2003the firm retained earnings totaled=


View more questions Search