2013年10月19日星期六

How do you find Retained Earnings?

  • accredited online accounting
  • online penny stock trading
  • what is equity
  • common mental illnesses
The following information appeared in the financial statement prepared on Dec 31, 2012 in dollars:


Selling Expenses: 56,448

Taxes Payable: 9,715

Inventory: 76,740

Plant and Equipment: 332,514

Common stock: 173,105

sales: 470,313

Accumulated depreciation: 71, 941

accounts payable: 54,724

cash: 39,954

wages payable: 4,852

cost of foods sold: 339,614

interest expense: 16, 056

bonds payable: 158,149

income tax expenses: 17,174

accounts receivable: 45,494

rent expense: 50,343


What were Retained Earnings?


The answer is 22, 216.


But how what numbers do you use to get that answer?


10 points!! Thanks!

How do you find Retained Earnings?

没有评论:

发表评论