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12.What are the retained earnings from the information provided below? Inventory Common stock $ 6500 $ 45,000 Cash Operating expenses $ 16,550 $ 1350 Short-term notes payable Interest expense $ 600 $ 900 Depreciation expense $ 500 Sales $ 12,800 Accounts receivable Accounts payable Long-term debt Cost of goods sold Buildings and equipment Accumulated depreciation Taxes General administrative expenses $ 5750 $1,22,000 $ 34000 $ 1440 $850 $ 9600 $ 4800 $ 55,000

12.What are the retained earnings from the information provided below? Inventory Common stock $ 6500 $ 45,000 Cash Operating expenses $ 16,550 $ 1350 Short-term notes payable Interest expense $ 600 $ 900 Depreciation expense $ 500 Sales $ 12,800 Accounts receivable Accounts payable Long-term debt Cost of goods sold Buildings and equipment Accumulated depreciation Taxes General administrative expenses $ 5750 $1,22,000 $ 34000 $ 1440 $850 $ 9600 $ 4800 $ 55,000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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12.What are the retained earnings from the information provided below? Inventory Common stock $ 6500 $ 45,000 Cash Operating expenses $ 16,550 $ 1350 Short-term notes payable Interest expense $ 600 $ 900 Depreciation expense $ 500 Sales $ 12,800 Accounts receivable Accounts payable Long-term debt Cost of goods sold Buildings and equipment Accumulated depreciation Taxes General administrative expenses $ 5750 $1,22,000 $ 34000 $ 1440 $850 $ 9600 $ 4800 $ 55,000
Transcribed Image Text:12.What are the retained earnings from the information provided below? Inventory Common stock $ 6500 $ 45,000 Cash Operating expenses $ 16,550 $ 1350 Short-term notes payable Interest expense $ 600 $ 900 Depreciation expense $ 500 Sales $ 12,800 Accounts receivable Accounts payable Long-term debt Cost of goods sold Buildings and equipment Accumulated depreciation Taxes General administrative expenses $ 5750 $1,22,000 $ 34000 $ 1440 $850 $ 9600 $ 4800 $ 55,000
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