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The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, $ 4,000 Accounts receivable 2,000 Common stock Land 3,200 Revenue Accounts payable 1,800 Expense What is the amount of retained earnings that will be shown on the balance sheet at December 31, Year 2? Cash Dividends Multiple Choice O $5,900 O $7,200 O $3,900 O $4,900 $ 3,400 3,900 3,200 2,200

The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, $ 4,000 Accounts receivable 2,000 Common stock Land 3,200 Revenue Accounts payable 1,800 Expense What is the amount of retained earnings that will be shown on the balance sheet at December 31, Year 2? Cash Dividends Multiple Choice O $5,900 O $7,200 O $3,900 O $4,900 $ 3,400 3,900 3,200 2,200

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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The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, $ 4,000 Accounts receivable 2,000 Common stock Land 3,200 Revenue Accounts payable 1,800 Expense What is the amount of retained earnings that will be shown on the balance sheet at December 31, Year 2? Cash Dividends Multiple Choice O $5,900 O $7,200 O $3,900 O $4,900 $ 3,400 3,900 3,200 2,200

 

The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Cash $ 4,000 Accounts receivable Dividends 2,000 Common stock Land 3,200 Revenue Accounts payable 1,800 Expense What is the amount of retained earnings that will be shown on the balance sheet at December 31, Year 2? Multiple Choice O $5,900 $7,200 $3,900 $4,900 $ 3,400 3,900 3,200 2,200
Transcribed Image Text:The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Cash $ 4,000 Accounts receivable Dividends 2,000 Common stock Land 3,200 Revenue Accounts payable 1,800 Expense What is the amount of retained earnings that will be shown on the balance sheet at December 31, Year 2? Multiple Choice O $5,900 $7,200 $3,900 $4,900 $ 3,400 3,900 3,200 2,200
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