The accountant prepared the following list of account balances from the company's records for the year ended December 31, 2019.Sales Revenue
-Determine the following amounts for Backus Tractor Sales:
A)The balance of Retained Earnings at the end of 2019.
B)The total stockholders' equity at the end of 2019.
C)Name the two events that might cause stockholders' equity to increase.
Definitions:
Belongingness
The human need to be an accepted member of a group.
Relatedness Needs
According to Self-Determination Theory, these are essential psychological needs involving connecting with others through caring and meaningful relationships.
Growth Needs
Psychological requirements for personal development and self-improvement.
Existence Needs
Basic requirements for human survival, such as food, water, shelter, and safety, which are considered the foundation of Maslow's hierarchy of needs.
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