Emmy Leaders Inc. reported the following results for the year ending August 31, 2012: Retained earnings, September

Question:

Emmy Leaders Inc. reported the following results for the year ending August 31, 2012:
Retained earnings, September 1, 2011 ....$740,000
Net income ...............145,000
Cash dividends declared ..........5,000
Stock dividends declared .........30,000
Prepare a retained earnings statement for the fiscal year ended August 31, 2012.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting

ISBN: 9780538475006

24th Edition

Authors: Carl S Warren, James M Reeve, Jonathan Duchac

Question Posted: