The Trenton Corporation Began 2014 with $390,000 in Assets,$140,000 in Liabilities,and

question 100

Essay

The Trenton Corporation began 2014 with $390,000 in assets,$140,000 in liabilities,and $170,000 of retained earnings.Net income for the year was $120,000,and dividends of $110,000 were declared and paid.