Chambers Corporation has total assets of $800,000 as of December 31, 2010 and total liabilities of $400,000. Contributed capital as of December 31, 2009 and December 31, 2010 is $150,000. Chambers Corporation incurred a $50,000 net loss for the year ended December 31, 2010. If Chambers declared and paid $80,000 in dividends in 2010, their retained earnings at the beginning of 2010 would have been.

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The Answer of Chambers Corporation has total assets of $800,000 as of December 31, 2010 and total liabilities of $400,000. Contributed capital as of December 31, 2009 and December 31, 2010 is $150,000. Chambers Corporation incurred a $50,000 net loss for the year ended December 31, 2010. If Chambers declared and paid $80,000 in dividends in 2010, their retained earnings at the beginning of 2010 would have been.

Chambers Corporation Has Total Assets of $800,000 as of December