Question
Florist Grump, Inc., had beginning retained earnings of $109,000. During the year, Florist Grump had net income of $73,000 and declared and paid dividends of
Florist Grump, Inc., had beginning retained earnings of $109,000. During the year, Florist Grump had net income of $73,000 and declared and paid dividends of $11,000. What will be shown for ending retained earnings on Florist Grump's year-end balance sheet?
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Financial & Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
9781133607618, 978-1285868776
