The accountant prepared the following list of account balances from the company's records for the year ended December 31, 2019.Sales Revenue

-Determine the following amounts for Backus Tractor Sales:
A)The balance of Retained Earnings at the end of 2019.
B)The total stockholders' equity at the end of 2019.
C)Name the two events that might cause stockholders' equity to increase.

Question

The accountant prepared the following list of account balances from the company's records for the year ended December 31, 2019.Sales Revenue
 
-Determine the following amounts for Backus Tractor Sales:
A)The balance of Retained Earnings at the end of 2019. 
B)The total stockholders' equity at the end of 2019. 
C)Name the two events that might cause stockholders' equity to increase.

Quizplus · Accepted Answer

The Answer of The accountant prepared the following list of account balances from the company's records for the year ended December 31, 2019.Sales Revenue
 
-Determine the following amounts for Backus Tractor Sales:
A)The balance of Retained Earnings at the end of 2019. 
B)The total stockholders' equity at the end of 2019. 
C)Name the two events that might cause stockholders' equity to increase.

The Accountant Prepared the Following List of Account Balances from the Company's