Multiple Choice
Maddux, Inc., has completed its fiscal year and reported the following information. The company had current assets of $153,413, net fixed assets of $412,331, and other assets of $7,822. The firm also has current liabilities worth $65,314, long-term debt of $178,334, and common stock of $162,000. What is the amount of retained earnings?
A) $405,648
B) $243,648
C) $167,918
D) $573,566
Correct Answer:
Verified
Correct Answer:
Verified
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