RETAINED EARNINGS STATEMENTS The table below presents the statements of retained earnings for Bass Corporation for three
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RETAINED EARNINGS STATEMENTS The table below presents the statements of retained earnings for Bass Corporation for three successive years. Certain numbers are missing.
2008 2009 2010 Retained earnings, beginning $21,500 $
(b) $33,600 Add: Net income 9,200 10,100 (f)
30,700
(c) (g)
Less: Dividends
(a)
(d) 3,900 Retained earnings, ending $27,200 $
(e) $41,200 Required:
Use your understanding of the relationship between successive statements of retained earnings to calculate the missing values (a–g).
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Related Book For
Cornerstones Of Financial Accounting Current Trends Update
ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen
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