Good Times Express Company had retained earnings of ($ 160) million at December 31, 2006. The company
Question:
Good Times Express Company had retained earnings of \(\$ 160\) million at December 31, 2006. The company reported these figures for 2007:
RequirementÂ
Beginning with net income, prepare a combined statement of income and retained earnings for Good Times Express Company for the year ended December 31, 2007.
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