The following information was extracted from the accounts of Essex Corporation at December 31, 2014: What should be the balance of retained earnings at December 31, 2014?
A) $1,110,000.
B) $1,200,000.
C) $1,960,000.
D) $1,350,000.

Question

The following information was extracted from the accounts of Essex Corporation at December 31, 2014:  What should be the balance of retained earnings at December 31, 2014?
A) $1,110,000. 
B) $1,200,000. 
C) $1,960,000. 
D) $1,350,000.

Quizplus · Accepted Answer

The Answer of The following information was extracted from the accounts of Essex Corporation at December 31, 2014:  What should be the balance of retained earnings at December 31, 2014?
A) $1,110,000. 
B) $1,200,000. 
C) $1,960,000. 
D) $1,350,000.

The Following Information Was Extracted from the Accounts of Essex