Question
Fremont Corporation began the month of September with $0 in Retained Earnings. When prepared on September 30, the companys income statement shows net income of
Fremont Corporation began the month of September with $0 in Retained Earnings. When prepared on September 30, the companys income statement shows net income of $1,940, and its adjusted trial balance shows Dividends of $750. What amount should appear at the bottom of Fremonts retained earnings statement for the month ended September 30?
$0
$1,345
$2,690
$1,190
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Financial & Managerial Accounting
Authors: Carl S. Warren
10th Edition
0324663811, 9780324663815
