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Business, 14.04.2020 16:52 ptrlvn01

As of December 31, 2018, Moss Company had total cash of $160,000, notes payable of $86,000, and common stock of $52,800. During 2019, Moss earned $40,000 of cash revenue, paid $22,000 for cash expenses, and paid a $3,400 cash dividend to the stockholders. Required a. Determine the amount of retained earnings as of December 31, 2018. b

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As of December 31, 2018, Moss Company had total cash of $160,000, notes payable of $86,000, and comm...
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