Multiple Choice
The balance sheet of the Algonquin Company reported assets of $50,000,liabilities of $22,000 and common stock of $15,000.Based on this information only,the amount or balance for retained earnings must be
A) $7,000
B) $57,000
C) $13,000
D) $87,000
Correct Answer:
Verified
Correct Answer:
Verified
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