Question
On January 1, 2014, retained earnings had a balance of $250,000. During 2014, cash dividends of $50,000 were declared and small stock dividends with a
On January 1, 2014, retained earnings had a balance of $250,000. During 2014, cash dividends of $50,000 were declared and small stock dividends with a market value of $40,000 were declared. Net income fir 2014 amounted to $120,000. What is the balance in retained earnings appearing on the statement of stockholders' equity on December 31, 2014?
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Managerial Accounting Tools For Business Decision Making
Authors: Weygandt, Kimmel, Kieso
4th Edition
0470478535, 978-0470478530
