Hendrickson Inc. ended the current year with Revenues of $245,459 COGS of $123,492 Wage Expense of $52.770 If Retained Earnings had a beginning balance for the current year of $200,000, what will the ending Retained Earnings balance be for the year after all accounting processes are complete?

Hendrickson Inc. ended the current year with Revenues of $245,459 COGS of $123,492 Wage Expense of $52.770 If Retained Earnings had a beginning balance for the current year of $200,000, what will the ending Retained Earnings balance be for the year after all accounting processes are complete?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 9BE

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Question

Hendrickson Inc. ended the current year with
Revenues of $245,459
COGS of $123,492
Wage Expense of $52.770
If Retained Earnings had a beginning balance for the current year of $200,000, what will the ending Retained Earnings balance
be for the year after all accounting processes are complete?

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