RETAINED EARNINGS STATEMENTS The table below presents the statements of retained earnings for Dillsboro Corporation for three

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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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Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

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

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