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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Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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