For the year ending December 31, 2025, Soto Ltd. reports net income 170,000 and dividends 85,000 (amounts
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For the year ending December 31, 2025, Soto Ltd. reports net income ¥170,000 and dividends ¥85,000 (amounts in thousands). Prepare the retained earnings statement for the year assuming the balance in retained earnings on January 1, 2025, was ¥220,000.
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Related Book For 
Financial Accounting With International Financial Reporting Standards
ISBN: 9781119787051
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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