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Marcos Company Reported the Following Items on Its Financial Statements

Question 110

Multiple Choice

Marcos Company reported the following items on its financial statements for the year ending December 31, 2015: Marcos Company reported the following items on its financial statements for the year ending December 31, 2015: How much will be reported as retained earnings on Marcos' balance sheet at December 31, 2015, if this is the first year of operations? A) $ 45,000 B) $ 65,000 C) $ 85,000 D) Not enough information is provided. How much will be reported as retained earnings on Marcos' balance sheet at December 31, 2015, if this is the first year of operations?


A) $ 45,000
B) $ 65,000
C) $ 85,000
D) Not enough information is provided.

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