Use the following information to answer:
The Williams Model Aircraft Repair Shop started the year with total assets of $180,000, total liabilities of $120,000, and retained earnings of $54,000. During the year, the business recorded $300,000 in repair revenues, $210,000 in expenses, and the company paid dividends of $45,000.
-The Williams' balance of retained earnings at the end of the year was:
A) $210,000
B) $150,000
C) $126,000
D) $ 99,000
E) None of the above
Correct Answer:
Verified
Q21: Use the following information to answer:
Marvin's Mechanical
Q22: Use the following information to answer:
Marvin's Mechanical
Q23: Use the following information to answer:
Marvin's Mechanical
Q24: Use the following information to answer:
The Williams
Q25: Use the following information to answer:
The Williams
Q27: Use the following information to answer:
The Williams
Q28: The transactions carried out by Melon Corporation
Q29: The transactions carried out by Papaya Corporation
Q30: Use the following information to answer:
The following
Q31: Use the following information to answer:
The following
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