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Calculating retained earnings
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I'm stuck on a problem, and I hope someone here will be able to help. The goal is to find the retained earnings for this year, but the only information given is the assets, liabilities, and capital stock. I'm unsure how to figure out the retained earnings from this information since the...
Calculating retained earnings
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Hi! This is my first time doing anything accounting related and I'm majorly LOST. Please help me. The exercise reads as follows: From the following data, calculate the retained earnings balance as of December 31, 2009 Retained earnings Dec. 31,2009 - $311,800 Cost of equipment purchased... View more questions Search
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