Stillwater Corporation, a manufacturer of industrial pumps, reports the following results for the year ending August 31,
Question:
Retained earnings, September 1, 2007 ....... $1,752,000
Net income .................... 378,000
Cash dividends declared .............. 80,000
Stock dividends declared ............. 100,000
Prepare a retained earnings statement for the fiscal year ended August 31, 2008.
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Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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