Below is all of the account information from Chamber Company's balance sheet, with the exception of Retained Earnings. Using this information, please calculate the following:
A. The total amount of retained earnings for Chamber Company.
B. The total amount of shareholders' equity for the company at the end in the year.

Question

Below is all of the account information from Chamber Company's balance sheet, with the exception of Retained Earnings.  Using this information, please calculate the following:
A. The total amount of retained earnings for Chamber Company.
B. The total amount of shareholders' equity for the company at the end in the year.

Quizplus · Accepted Answer

The Answer of Below is all of the account information from Chamber Company's balance sheet, with the exception of Retained Earnings.  Using this information, please calculate the following:
A. The total amount of retained earnings for Chamber Company.
B. The total amount of shareholders' equity for the company at the end in the year.

Below Is All of the Account Information from Chamber Company's