The following accounts and balances were drawn from the records of Oak Company: • Cash: $10,500 • Accounts payable: $6,200 • Common stock: $3,500 . Land: $14,000 • Accounts receivable: $3,800 Based on this information alone, the amount of Oak's retained earnings is a. $13,600 b. $18,100 c. $8,800 d. $12,100

The following accounts and balances were drawn from the records of Oak Company: • Cash: $10,500 • Accounts payable: $6,200 • Common stock: $3,500 . Land: $14,000 • Accounts receivable: $3,800 Based on this information alone, the amount of Oak's retained earnings is a. $13,600 b. $18,100 c. $8,800 d. $12,100

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...

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