Question
Metlock Corporation has retained earnings of $708,100 at January 1, 2025. Net income during 2025 was $1,537,500, and cash dividends declared and paid during
Metlock Corporation has retained earnings of $708,100 at January 1, 2025. Net income during 2025 was $1,537,500, and cash dividends declared and paid during 2025 totaled $78,300. Prepare a retained earnings statement for the year ended December 31, 2025. (List items that increase retained earnings first.) METLOCK CORPORATION Retained Earnings Statement
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Survey of Accounting
Authors: Carl S Warren
6th edition
978-113318912, 1133189121, 978-1133189121
