Question

Amber Company’s assets total $150,000 and its liabilities total $85,000. What is the amount of Amber’s retained earnings if its capital stock amounts to $50,000?
BS book: accounting and managerial chapter 2.3​

Answer 1

Answer:-

Amber Company’s assets total $150,000 and its liabilities total $85,000. What is the amount of Amber’s retained earnings if its capital stock amounts to $50,000. Amber Company’s assets total $150,000 and its liabilities total $85,000. What is the amount of Amber’s retained earnings if its capital stock amounts to $50,000

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