Moss Company Has Provided the Following Data

question 97

Essay

Moss Company has provided the following data:
2019 revenues were $87,500.
2019 expenses were $43,900.
Dividends declared and paid by Moss during 2019 totaled $15,700.
Total assets on December 31,2019 were $227,000.
Total stockholders' equity on December 31,2019 was $133,000.
Common stock on December 31,2019 was $93,000.
Calculate the beginning retained earnings balance.

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Definitions:

Hypothetical Proposition

A conditional statement expressing a hypothesis and a consequence.

Hypothetical Proposition

A proposition or statement that is conditional and asserts a possible outcome if certain conditions are met.

Antecedent

In logic, the first half of a hypothetical proposition; in general, any preceding event, condition, or cause.

Consequent

In logic, the consequent is the second part of a conditional statement, typically following "then." For example, in "If P, then Q," Q is the consequent.