Use the comparative financial statements of Penny Company for the year ended December 31,2012 to answer the following question.
Penny Company
Statement of Stockholder's Equity
for the Year Ended December 31,2012
REQUIRED:
Prepare a statement of retained earnings for the year ended December 31,2012.

Question

Use the comparative financial statements of Penny Company for the year ended December 31,2012 to answer the following question.
Penny Company
Statement of Stockholder's Equity
for the Year Ended December 31,2012
  REQUIRED:
Prepare a statement of retained earnings for the year ended December 31,2012.

Quizplus · Accepted Answer

The Answer of Use the comparative financial statements of Penny Company for the year ended December 31,2012 to answer the following question.
Penny Company
Statement of Stockholder's Equity
for the Year Ended December 31,2012
  REQUIRED:
Prepare a statement of retained earnings for the year ended December 31,2012.

Use the Comparative Financial Statements of Penny Company for the Year