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Question - Benedict Company compiled the following financial information as of December 31, 2010:
Services Revenues 845,000
Common Stock 193,000
Equipment 254,000
Operating expenses 727,000
Cash 206,000
Dividends 6,000
Supplies 3,600
Accounts payable 124,000
Accounts receivable 9,400
Retained earnings, 1/1/10 429,000
Required - Determine the Benedict's retained earnings on December 31, 2010?
Review the Form 10-K for the company selected for team assignments. The Independent Registered Public Accounting Firm's Report on Internal Control Over Financial Reporting.
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