![fattypickeltoefungus](/avatars/14729.jpg)
fattypickeltoefungus
20.07.2019 •
Business
Given the following information about elkridge sporting goods, inc., construct a balance sheet for june 30, 2013. on that date the firm had cash and marketable securities of $25,135, accounts receivable of $43,758, inventory of $172,500, net fixed assets of $322,300, and other assets of $13,125. it had accounts payables of $67,855, notes payables of $36,454, long-term debt of $224,300, and common stock of $150,000. how much retained earnings did the firm have?
Solved
Show answers
More tips
- C Computers and Internet How to easily and quickly disable Firebug in Gmail and Google Docs...
- G Goods and services How to sew a ribbon: Tips for beginners...
- F Food and Cooking How to Make Mayonnaise at Home? Secrets of Homemade Mayonnaise...
- C Computers and Internet Which Phone is Best for Internet Surfing?...
- F Food and Cooking Everything You Need to Know About Pasta...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
- S Style and Beauty How to Make Your Lips Fuller? Ideas and Tips for Beautiful Lips...
- C Computers and Internet How to Learn to Type Fast?...
Answers on questions: Business
- B Business This tectonic plate pushes against the Eurasian plate to form the Alps and other geographical features...
- C Chemistry Since precambrian time, ending about 544 million years ago, time on earth has been divided into three major...
- M Mathematics Hello! Help me in my question....
- M Mathematics (-5.5)(-4.87) Help help help help...
Ответ:
Retained Earnings = 109,909
Explanation:
First
We add all the assets together. 586,818
Then
we add the lliabilities and common stock. 476,909
Finally
We use the accounting equation to solve for RE
Assets = Liab + Equity
586,818 = sum of liab and equity accounts
we know that all the accounts, except RE add to 476,909
586,818 = 476,909 + RE
586,818 - 476,909 = RE
RE = 109,909
Ответ:
b
Explanation: