Moss Company Has Provided the Following Data

question 113

Essay

Moss Company has provided the following data:
2014 revenues were $87,500.
2014 expenses were $43,900.
Dividends declared and paid by Moss during 2014 totaled $15,700.
Total assets on December 31, 2014 were $227,000.
Total stockholders' equity on December 31, 2014 was $133,000.
Common stock on December 31, 2014 was $93,000.
What was the beginning retained earnings balance?

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Definitions:

Right Hemisphere

Denotes the right half of the human brain, associated with spatial abilities, visual imagery, and the processing of music and art.

Stimulants

Substances that increase activity in the brain and nervous system, enhancing alertness and energy.

Depressants

Substances that reduce the activity of the central nervous system, leading to effects such as relaxation, reduced anxiety, and sleepiness.

Narcotics

Narcotics are drugs that relieve pain and can induce sleep, but also have potential for dependency and abuse.