RETAINED EARNINGS STATEMENTS The table below presents the statements of retained earnings for Dillsboro Corporation for three
Question:
RETAINED EARNINGS STATEMENTS The table below presents the statements of retained earnings for Dillsboro Corporation for three successive years. Certain numbers are missing.
2008 2009 2010 Retained earnings, beginning $
(a) $19,500 $26,700 Add: Net income 11,100
(c) 9,500 26,900
(d) (f)
Less: Dividends 7,400 5,200 (g)
Retained earnings, ending $
(b) $
(e) $34,100 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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