Changes in account balances of Multi-Plus Inc. during 2012 were:
Capital Stock 100,000
Additional Paid-In Capital 140,000
Retained Earnings ?
Assuming that there were no charges to retained earnings other than dividends of $62,000, the net income for 2010 was:
e.none of the answers are correct
Increase in Retained = Assets - liability - capital stock -... View the full answer