Rosa's is a small chain of Mexican food restaurants that features five delicious varieties of salsa. The business has grown over the past ten years from a hobby to a small corporation with 200,000 shares of common stock outstanding. The corporation has not issued any preferred stock. The following is Rosa's latest financial data:

-What is the amount of Rosa's retained earnings?
A) $100,000
B) $400,000
C) $550,000
D) $650,000
Correct Answer:
Verified
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