The records of Skymaster Airplane Rentals show the following information as of December 31, 2014:
Dividends of $52,000 were paid during 2014.
Using the above information, prepare a statement of retained earnings for 2014.

Question

The records of Skymaster Airplane Rentals show the following information as of December 31, 2014:
  Dividends of $52,000 were paid during 2014.
Using the above information, prepare a statement of retained earnings for 2014.

Quizplus · Accepted Answer

The Answer of The records of Skymaster Airplane Rentals show the following information as of December 31, 2014:
  Dividends of $52,000 were paid during 2014.
Using the above information, prepare a statement of retained earnings for 2014.

The Records of Skymaster Airplane Rentals Show the Following Information