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Torres Company Retained Earnings Appropriation by trilocksp Singh is a document available to read on EtoBox.
On January 3, the board of directors of Torres Company voted to appropriate $90,000 of retained earnings to a property expansion fund, bringing the total in that fund to $298,000. On September 1, Torres Company bought a warehouse for $320,000, paying $135,000 down and financing the rest. On September 2, the board ordered $298,000 to be released from the property expansion fund.
- Author
- trilocksp Singh
- Language
- EN