Cyan corp. issued 20,000 shares of $5 par common stock at $10 per share. on december 31, year 1,cyan's retained earnings were $300,000. in march, year 2, cyan reacquired 5,000 shares of its commonstock at $20 per share. in june, year 2, cyan sold 1,000 of these shares to its corporate officers for $25 pershare. cyan uses the cost method to record treasury stock. net income for the year ended december 31,year 2, was $60,000. at december 31, year 2, what amount should cyan report as retained earnings?

answer; i believe the correct answer is (tall); ///good luck

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

answer; /// the above statement is (false);