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Net income for the year was $ 5 1 , 0 0 0 . Required: 1 - a . Prepare the statement of retained earnings
Net income for the year was $ Required: a Prepare the statement of retained earnings for the year ended December b Prepare the stockholders' equity section of the balance sheet at December Determine the number of shares of stock that received dividends. Compute the ROE ratio for the current year, assuming total stockholders' equity was year.
Net income for the year was $
Required:
a Prepare the statement of retained earnings for the year ended December
b Prepare the stockholders' equity section of the balance sheet at December
Determine the number of shares of stock that received dividends.
Compute the ROE ratio for the current year, assuming total stockholders' equity was year.
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