Marcos Company reported the following items on its financial statements for the year ending December 31, 2015: How much will be reported as retained earnings on Marcos' balance sheet at December 31, 2015, if this is the first year of operations?
A) $ 45,000
B) $ 65,000
C) $ 85,000
D) Not enough information is provided.

Question

Marcos Company reported the following items on its financial statements for the year ending December 31, 2015:  How much will be reported as retained earnings on Marcos' balance sheet at December 31, 2015, if this is the first year of operations?
A) $ 45,000 
B) $ 65,000 
C) $ 85,000 
D) Not enough information is provided.

Quizplus · Accepted Answer

The Answer of Marcos Company reported the following items on its financial statements for the year ending December 31, 2015:  How much will be reported as retained earnings on Marcos' balance sheet at December 31, 2015, if this is the first year of operations?
A) $ 45,000 
B) $ 65,000 
C) $ 85,000 
D) Not enough information is provided.

Marcos Company Reported the Following Items on Its Financial Statements