In april 2006 abc motors had total sales of 100000 total, Ask an Expert

Accounting

In April 2006, ABC Motors had Total Sales of $100,000; Total Expenses of $60,000 and a beginning balance of Retained Earnings of $25,000. The company will pay a $10,000 dividend this month (the dividend was declared this month as well). What is the balance of Retained Earnings as of April 30, 2006?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9438800

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