Given the following information, what are the retained earnings in 20X9? Cash A/R Inv NFA A/P...

 

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Given the following information, what are the retained earnings in 20X9? Cash A/R Inv NFA A/P N/P LTD C.S. 20X8 $100,000 75,000 115,000 420,000 80,000 35,000 250,000 300,000 Select one: O a. -$11,500 O b. $45,000 O c. $53,500 O d. $108,342 O e. $353,000 20X9 $90,000 86,250 132,250 450,000 100,000 45,000 260,000 300,000 Given the following information, what are the retained earnings in 20X9? Cash A/R Inv NFA A/P N/P LTD C.S. 20X8 $100,000 75,000 115,000 420,000 80,000 35,000 250,000 300,000 Select one: O a. -$11,500 O b. $45,000 O c. $53,500 O d. $108,342 O e. $353,000 20X9 $90,000 86,250 132,250 450,000 100,000 45,000 260,000 300,000

Answer rating: 100% (QA)

The right option is c Explanation Notes The following is the calculation of retained earnings C... View the full answer