Question
Exercise 1-3 A company had 12,000 shares outstanding at the beginning of the year. During the year, the company declared a 41% stock dividend when
Exercise 1-3
A company had 12,000 shares outstanding at the beginning of the year. During the year, the company declared a 41% stock dividend when the market price of the stock was $39 per share. The par value of common stock was $9. The companys retained earnings had a beginning balance of $697,000 and net income for the year as $95,000.
What is the ending balance for retained earnings?
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Accounting And Auditing Practices In Africa
Authors: Mariaan Roos, Lesley Stainbank
1st Edition
1928357431, 978-1928357438
