Engels The following information is provided for New Vegas Inc. at the end of year 2018: 2018 Cash and cash equivalents €14 767 Contributed capital €63 889 Accounts Payable €38 986 Salary Payable €18 362 Long term liabilities €96 559 Retained earnings ? Other equity €23 421 Inventory €46 005 Accounts receivable €21 872 PPE €243 994 Prepaid expenses €11 642 Requirement What should New Vegas Inc. report for retained earnings at the end of year 2018? €97 063 €203 564 €19 191 €184 373
Engels The following information is provided for New Vegas Inc. at the end of year 2018: 2018 Cash and cash equivalents €14 767 Contributed capital €63 889 Accounts Payable €38 986 Salary Payable €18 362 Long term liabilities €96 559 Retained earnings ? Other equity €23 421 Inventory €46 005 Accounts receivable €21 872 PPE €243 994 Prepaid expenses €11 642 Requirement What should New Vegas Inc. report for retained earnings at the end of year 2018? €97 063 €203 564 €19 191 €184 373
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Engels
The following information is provided for New Vegas Inc. at the end of year 2018:
2018
Cash and cash equivalents
€14 767
Contributed capital
€63 889
Accounts Payable
€38 986
Salary Payable
€18 362
Long term liabilities
€96 559
Retained earnings
?
Other equity
€23 421
Inventory
€46 005
Accounts receivable
€21 872
PPE
€243 994
Prepaid expenses
€11 642
Requirement What should New Vegas Inc. report for retained earnings at the end of year 2018?
€97 063
€203 564
€19 191
€184 373
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