Determine the value of retained earnings given the following information: current assets = $650; current liabilities = $120; capital assets = $350; bonds = $430; common shares = $300.  Plesae mention the steps:

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Q: On January 1, 2020, Cave Corporation had retained earnings of $7,900,000. During 2020, Cave reported…

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A: The amount of dividend paid can be calculated from the retained earnings added.

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Q: On january 1, christian company showed total assets of 5,000,000, total liabilities of million and…

A: solution : first let us calculate the balance of reserve and surplus on January 1 Total assets…

Q: How much in dividends were paid to shareholders during the year? Assume that In its most recent…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Using the following balance sheet and income statement data, what is the total amount of working…

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Q: Statement of

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Q: On January 1, 2020, Cave Corporation had retained earnings of $7,900,000. During 2020, Cave reported…

A: Ending balances of retained earnings  = Beginning  balance + Net income  - Dividend