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Author Question: Lisbon Company's budgeted data for the upcoming year showed total projected assets of $2,551,000 and ... (Read 59 times)

EAugust

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on: Jan 5, 2020
Lisbon Company's budgeted data for the upcoming year showed total projected assets of $2,551,000 and total projected liabilities of $1,624,000. The balance of common stock for the year is projected to remain stable at $500,000. The shareholders' equity section of the balance sheet is made up of common stock and retained earnings. No cash dividends will be paid during the year. Lisbon Company is budgeting net income for the year of $317,000

Prepare a budgeted balance sheet for end of the year. What was the balance of retained earnings at the beginning of the year?
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Marked as best answer by EAugust on Jan 5, 2020

vboyd24

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Reply #1 on: Jan 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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EAugust

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Reply 2 on: Jan 5, 2020
:D TYSM

kswal303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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