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    lmann0212's Avatar
    lmann0212 Posts: 1, Reputation: 1
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    #1

    Dec 8, 2007, 12:38 AM
    Retained Earnings Computation
    I have total Assets of $34,500 and liabilities of $22,900. I am supposed to list the Capital as well as the Retained earnings.

    I know that equity = assets - liabilities and that my Equity + Liabilities should equal my Assets, but how do I determine how much of my equity gets placed in Retained earnings and how much is capital?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Dec 8, 2007, 01:43 PM
    Without more information, there is no way to figure out how to split the equity between capital and retained earnings

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