Use This Information to Answer the Following Question

question 137

Multiple Choice

Use this information to answer the following question. Here is the balance sheet for Abbot Box Company,Inc.:
If the equipment were sold for $13,000,then the Retained Earnings account would

• A) increase by $37,000.
• B) increase by $13,000.
• C) decrease by $13,000.
• D) stay the same.

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