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Retained earnings
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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
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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
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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
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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
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