Multiple Choice
In reviewing the company's balance sheet,Andy noticed that the total asset is stated as $5,500,000 and the total liability is $3,250,000.There is no paid-in capital or value for common stock.What are the company's retained earnings?
A) Can't determine with the information given
B) $8,750,000
C) $2,250,000
D) There are no retained earnings
Correct Answer:
Verified
Correct Answer:
Verified
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