Question
Alibaba.com, Inc. had retained earnings of $600,000 at the beginning of 2022. During the year, the company reported a net income of $170,000 and declared
Alibaba.com, Inc. had retained earnings of $600,000 at the beginning of 2022. During the year, the company reported a net income of $170,000 and declared and paid dividends of $60,000. Prepare a statement of retained earnings for Alibaba.com, Inc. for the year ending December 31, 2022.
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
