Question
A corporation reported a net income of $340,000 for its fiscal year and declared and paid cash dividends of $136,000. A stock dividend recorded at
A corporation reported a net income of $340,000 for its fiscal year and declared and paid cash dividends of $136,000. A stock dividend recorded at $68,000 was also distributed during the year. The beginning balance of the Retained Earnings account was $130,000. Calculate the ending balance in the Retained Earnings account.
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Forest Management Auditing
Authors: Lucio Brotto
1st Edition
0367605872, 978-0367605872
