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 Volume 1
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
9th Canadian edition
978-013309863, 9780133128338, 013309863X, 133128334, 978-0132690096
