Question
Blossom Corporation has retained earnings of $677,300 at January 1, 2020. Net income during 2020 was $1,598,100, and cash dividends declared and paid during 2020
Blossom Corporation has retained earnings of $677,300 at January 1, 2020. Net income during 2020 was $1,598,100, and cash dividends declared and paid during 2020 totaled $75,700. Prepare a retained earnings statement for the year ended December 31, 2020. (List items that increase retained earnings first.)
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Managerial Accounting Principles Of Accounting II
Authors: Eric W. Noreen, Peter C. Brewer, Ray H. Garrison
6th Edition
0077681258, 978-0077681258
