Elston company compiled the following financial information as of december 31, 2017: service revenue $700,000 common stock 180,000 equipment 240,000 operating expenses 750,000 cash 210,000 dividends 60,000 supplies 30,000 accounts payable 120,000 accounts receivable 90,000 retained earnings, 1/1/17 450,000
elston's retained earnings on december 31, 2017 are:

This problem has been solved! see the answerwhich of the following statements is correct? the consumer price index is a measure of the overall level of prices, whereas the gdp deflator is not a measure of the overall level of prices. if, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent. compared to the gdp deflator, the consumer price index is the more common gauge of inflation. the consumer price index and the gdp deflator reflect the goods and services bought by consumers equally well.