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I need help with PR17-4A, Warren, Reeve, Duchac 26th edition, please answer if possible! oBJ.2.3 The comparative financlal statements of Bettancort Inc. are as follows.
I need help with PR17-4A, Warren, Reeve, Duchac 26th edition, please answer if possible!
oBJ.2.3 The comparative financlal statements of Bettancort Inc. are as follows. The market price S of Bettancort Inc. common stock was $71.25 on December 31, 2016 Bettancort Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2016 2015 $2,655,000$2,400,000 Add net income for year.. Total Deduct dividends 300,000 $2.955,000 280,000 $2.680,000 15,000 S-25000 555,000 On preferred stock On common stock.. 15,000 10,000 10. Total -25000 Retained earnings, December 31 $2930,000 $2655,000 , s2930000 Bettancort Inc. Comparative Income Statement For the Years Ended December 31, 2016 and 2015 2016 2015 1,200,000$1,000.000 475,000 S525,000 240,000 200,000 Sales Gross profit... Selling expenses Administrative expenses....i....aai.. Total operating expenses 500,000 S 700,000 180,000 S 420,000 350.000 Step by Step Solution
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