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As of January 01, 2021, PT Sukses has an initial retained earnings balance of $850,000. Transactions that occurred during 2021 include: A $90,000 cash
As of January 01, 2021, PT Sukses has an initial retained earnings balance of $850,000. Transactions that occurred during 2021 include:
• A $90,000 cash dividend was declared for shareholders.
• A $90,000 cash dividend was declared for shareholders.
- • Correction of the overstatement in 2020 net income due to a depreciation error of $100,000.
- • 2021 net income of $350,000
- • A $10,000 share dividend was announced for shareholders.
- Make a PT Sukses Retained Earning Statement for December 31, 2021!
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Intermediate Accounting Volume 2
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
8th Edition
1260881245, 9781260881240
