(b) Assume Jason Woo Corp. restricted retained earnings in the amount of $280,000 on December 31, 2012.

/in /by

(b) Assume Jason Woo Corp. restricted retained earnings in the amount of $280,000 on December 31, 2012. After this action, what would Woo report as total retained earnings in its December 31, 2012, balance sheet?

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