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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381 Exercise 68
Statement of Retained Earnings
Messer Company had retained earnings at the beginning of the current year of $590,000.uring the year, the following activities occurred:
• Net income of $88,000 was earned.
• A cash dividend of $ 1.20 per share was declared and distributed on the 50,000 shares of common stock outstanding.
Prepare a statement of retained earnings for the year.
Messer Company had retained earnings at the beginning of the current year of $590,000.uring the year, the following activities occurred:
• Net income of $88,000 was earned.
• A cash dividend of $ 1.20 per share was declared and distributed on the 50,000 shares of common stock outstanding.
Prepare a statement of retained earnings for the year.
Explanation
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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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