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    Den4509Pine Posts: 1, Reputation: 1
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    #1

    Nov 5, 2007, 05:31 PM
    Retained Earnings Computation
    Question:
    During 2006 Den Company had revenues of $230,000 and expenses for income tax
    Of $ 190,000.
    On December 31, 2005 Den Company had assets of $350,000 and liabilites of $ 80,000. And capitol stock of $ 210,000.
    Den Company paid a cash dividend of $25,000 in 2006.

    What is the retained earnings for December 2005 and December 2006?

    What is Owners Equity for 2005 and 2006?
    bird2's Avatar
    bird2 Posts: 1, Reputation: 1
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    #2

    Jan 25, 2008, 08:12 AM
    Question:
    During 2006 Den Company had revenues of $230,000 and expenses for income tax
    Of $ 190,000.
    On December 31, 2005 Den Company had assets of $350,000 and liabilites of $ 80,000. And capitol stock of $ 210,000.
    Den Company paid a cash dividend of $25,000 in 2006.

    What is the retained earnings for December 2005 and December 2006?

    What is Owners Equity for 2005 and 2006?
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