The following information has been taken from the accounting accounts of the Flint Corporation.

Total revenue since incorporation		$343,000
Total cash dividends paid		57,000
Total value of stock dividends distributed		28,000
Capital gains from operations with own shares		17,000
Unamortized discount on bonds payable		29,000

Determine the current balance of retained earnings.

Answer rating: 100% (QA)

Retained earnings represent the accumulated profits of a company that have not been distributed to ... View the full answer