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What is the balance in retained earnings for Minimalist Corp

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Reference no: EM132934028

Following are the balance sheet accounts of Minimalist Corp. for 2020. No accounts are missing.

Common Stock 50

Retained Earnings ?

Net Fixed Assets 220

Long-Term Debt 170

Accounts Receivable 60

Accounts Payable 50

Cash 40

Problem 1: What is the balance in retained earnings?

Reference no: EM132934028

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