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Retained Earnings Computations
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. |
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Retained earnings computations
[ 1 Answers ]
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...
Retained Earnings Computations
[ 3 Answers ]
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....
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