contestada

A company's book value per share is $12. It has 10,000 shares of $10 par value common stock outstanding and no additional paid-in capital. The company's retained earnings are $ .

Respuesta :

ayokenny2001

The company's retained earnings are $20,000

What is retained earnings?

Retained earnings refer to the cumulative net income (and loss) not distributed as dividends to its stockholders.

Retained earnings calculation :

= 20,000 ( $12 x 10,000) - (10,000- $10)

= 20,000

Hence, the company's retained earnings are $20,000

Learn more about retained earnings here : https://brainly.com/question/25631040

Otras preguntas