Texban Corporation had a January 1, 2012, balance in its Retained Earnings account of $90,000. For the

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Texban Corporation had a January 1, 2012, balance in its Retained Earnings account of $90,000.

For the year 2012, net income was $50,000 and dividends declared and paid were $24,000.

Prepare a statement of retained earnings for the year ended December 31, 2012.

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Financial Accounting A Business Perspective

ISBN: 9781930789791

10th Edition

Authors: Jefferson Williams, Roger Hermanson, James Don Edwards

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Texban Corporation had a January 1, 2012, balance in its Retained Earnings account of $90,000. For the

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Financial Accounting A Business Perspective

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