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Question 12

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Use this information to answer the following question. Here is the balance sheet for Costello Container Company:
Use this information to answer the following question. Here is the balance sheet for Costello Container Company: -If the equipment were sold for $13,000,then the Retained Earnings account would A) increase by $37,000. B) increase by $13,000. C) decrease by $13,000. D) stay the same.
-If the equipment were sold for $13,000,then the Retained Earnings account would


A) increase by $37,000.
B) increase by $13,000.
C) decrease by $13,000.
D) stay the same.

Correct Answer:

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