Reference no: EM132828129
Problem - From the data given below, calculate the Retained Earnings balance of December 31, 2019.
Retained earnings, December 31, 2020 $345,000
Increase in total liabilities during 2020 99,000
Gain on the sale of buildings during 2020 42,000
Dividends declared and paid in 2020 27,000
Proceeds from sale of common stock in 2020 96,000
Net income for the year ended December 31, 2020 123,000
How much is charged to retained earnings in the issuance
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Discussion the situation and group decision
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Program evaluation and review technique
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Calculate the Retained Earnings balance of December
: From the data given below, calculate the Retained Earnings balance of December 31, 2019: Retained earnings, December 31, 2020 $345,000
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How much is charged to ordinary share premium account
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How much is credited in the preference share capital account
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