Question
Jobs Co. reported Retained Earnings of $16M for the fiscal year ended December 31, 2021. During 2022, Jobs Co. reported Net Income of $3.5M and
Jobs Co. reported Retained Earnings of $16M for the fiscal year ended December 31, 2021. During 2022, Jobs Co. reported Net Income of $3.5M and dividends of $0.5M were declared and paid to shareholders. What is the balance of Retained Earnings as of December 31, 2022?
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Financial Accounting A Global Perspective
Authors: Rod Monger
1st Edition
0470518405, 978-0470518403
