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Business, 13.03.2020 18:35 rscott400

The balance sheet of the Algonquin Company reported assets of $50,000, liabilities of $22,000 and common stock of $15,000. Based on this information only, the amount or balance for retained earnings must be:a) $7,000. b) $87,000. c)$13,000. d) $57,000.

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The balance sheet of the Algonquin Company reported assets of $50,000, liabilities of $22,000 and co...
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