Question
Centor Corporation's unappropriated retained earnings on January 1, 2020 were $678,000. For 2020 its net income per books was $120,000. It paid cash dividends of
| Centor Corporation's unappropriated retained earnings on January 1, 2020 were $678,000. For 2020 its net income per books was $120,000. It paid cash dividends of $93,000 in 2020 and it appropriated $75,000 of retained earnings during 2020. |
| What was Centor Corporation's unappropriated retained earnings on December 31, 2020? |
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
