The following information was extracted from the accounts of Colaw Corporation at December 31, 2011: What should be the balance of retained earnings at December 31, 2011?
A)$446,000.
B)$500,000.
C)$380,000.
D)$566,000.

Question

The following information was extracted from the accounts of Colaw Corporation at December 31, 2011:  What should be the balance of retained earnings at December 31, 2011?
A)$446,000. 
B)$500,000. 
C)$380,000. 
D)$566,000.

Quizplus · Accepted Answer

The Answer of The following information was extracted from the accounts of Colaw Corporation at December 31, 2011:  What should be the balance of retained earnings at December 31, 2011?
A)$446,000. 
B)$500,000. 
C)$380,000. 
D)$566,000.

The Following Information Was Extracted from the Accounts of Colaw