Question
Exercise 15-16 The following information has been taken from the ledger accounts of Cheyenne Corporation. Total income since incorporation $328,000 Total cash dividends paid 56,000
Exercise 15-16 The following information has been taken from the ledger accounts of Cheyenne Corporation.
Total income since incorporation $328,000
Total cash dividends paid 56,000
Total value of stock dividends distributed 29,000
Gains on treasury stock transactions 16,000
Unamortized discount on bonds payable 29,000
Determine the current balance of retained earnings.
Current balance of retained earnings $?
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Construction Accounting And Financial Management
Authors: Steven J. Peterson
1st Edition
0131109391, 978-0131109391
