On January 1, 2022, KJK Company had $12,000 in assets, $3,000 in liabilities, $4,000 in share...

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On January 1, 2022, KJK Company had $12,000 in assets, $3,000 in liabilities, $4,000 in share capital and $2,000 in other components of equity. During 2022, the Company had revenues of $10,000, expenses of $7,000, and distributed $1,000 in dividends. The amount of retained earnings that would appear on the statement of financial position at December 31, 2022 would be: On January 1, 2022, KJK Company had $12,000 in assets, $3,000 in liabilities, $4,000 in share capital and $2,000 in other components of equity. During 2022, the Company had revenues of $10,000, expenses of $7,000, and distributed $1,000 in dividends. The amount of retained earnings that would appear on the statement of financial position at December 31, 2022 would be:

Answer rating: 100% (QA)

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