Refer to IPOD Corp. What is IPOD 's Retained Earnings balance at the end of the current year?
A) $100,000
B) $1,100,000
C) $1,600,000
D) $1,700,000

Cash = $150,000
Property, plant & equipment = $700,000
Inventory = $350,000
Capital stock = $1,000,000
Account receivable = $500,000
Long-term debt = $400,000
Account payable = $200,000

Answer rating: 100% (QA)

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