ABC company has total assets of 500,000 and total liabilities of 300,000. The companies only equity components

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ABC company has total assets of 500,000 and total liabilities of 300,000. The companies only equity components were common stock and retained earnings .

If common stock was 50,000, how much does retained earning have to be?

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Aug 02, 2023 08:44 AM

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ABC company has total assets of 500,000 and total liabilities of 300,000. The companies only equity components

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Expert Answer:

To find the amount of retained earnings we can use the formula Retained Earnings To... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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