Question
On January 1, 2014, Wilmington Corporation had retained earnings of $8,000,000. During 2014, Wilmington reported net income of $1,500,000, declared dividends of $500,000, and issued
On January 1, 2014, Wilmington Corporation had retained earnings of $8,000,000. During 2014, Wilmington reported net income of $1,500,000, declared dividends of $500,000, and issued common stock for $1,000,000. What was Wilmington's retained earnings on December 31, 2014?
| A. | $9,500,000. | |
| B. | $9,000,000. | |
| C. | $7,000,000. | |
| D. | $7,500,000. |
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A Guide To Local Environmental Auditing
Authors: Hugh Barton; Noel Bruder
1st Edition
1853832340, 9781853832345
