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What was the opening retained earnings as at January

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Reference no: EM133102819

Question - On May 1, 20x8, Grant Ltd. was formed by the sole shareholder investing 15,258 into the business. At December 31st, 20x9, the company had 325,022 of assets, 171,367 of liabilities, had earned a net income for 20x9 of 90,343, had declared dividends of 44,035 and paid dividends of 12,338. What was the opening retained earnings as at January 1, 20x9?

Reference no: EM133102819

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