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18 (5 points) On January 1, 2022, Teton Corporation had retained earnings of $11,220,000. During 2022, Teton reported net income of $2,105,000, declared dividends of
18 (5 points) On January 1, 2022, Teton Corporation had retained earnings of $11,220,000. During 2022, Teton reported net income of $2,105,000, declared dividends of $705,000, and issued common stock for $1,410,000. What were Teton's retained earnings on December 31, 2022? $13,325,000 $9,810,000 $14,735,000 $10,515,000 $12,620,000
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Principles Of Financial And Managerial Accounting
Authors: James Don Edwards, Roger H. Hermanson
1st Edition
0256130000, 978-0256130003
