Use this information to answer the following question. Here is the balance sheet for Marron Pickle Company,Inc.:
If the equipment were sold for $26,000 cash,then the Retained Earnings account would
A) increase by $74,000.
B) increase by $26,000.
C) decrease by $26,000.
D) stay the same.

Question

Use this information to answer the following question. Here is the balance sheet for Marron Pickle Company,Inc.:
 If the equipment were sold for $26,000 cash,then the Retained Earnings account would
A) increase by $74,000. 
B) increase by $26,000. 
C) decrease by $26,000. 
D) stay the same.

Quizplus · Accepted Answer

The Answer of Use this information to answer the following question. Here is the balance sheet for Marron Pickle Company,Inc.:
 If the equipment were sold for $26,000 cash,then the Retained Earnings account would
A) increase by $74,000. 
B) increase by $26,000. 
C) decrease by $26,000. 
D) stay the same.

Use This Information to Answer the Following Question