At december 31 2010 shorts company had retained earnings of, Ask an Expert

Accounting

At December 31, 2010, Shorts Company had retained earnings of $2,184,000. During 2010 they issued stock for $98,000, and paid dividends of $34,000. Net income for 2010 was $402,000. The retained earnings balance at the beginning of 2010

a) $2,552,000

b) $1,816,000

c) $1,914,000

d) $2,454,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M961413

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