National Foods has made its first ever issuance of 80,000 shares with a par value of $3

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National Foods has made its first ever issuance of 80,000 shares with a par value of $3 at $15 each. Its book value of net equity is $3,860,000.

What is the retained earnings?

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Financial Accounting

ISBN: 9781264229734

11th Edition

Authors: Robert Libby, Patricia Libby, Frank Hodge

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Posted Date: Mar 17, 2024 01:28 AM

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National Foods has made its first ever issuance of 80,000 shares with a par value of $3

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To find the retained earnings we first need to calculate the total e... View the full answer

Financial Accounting

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