Question
Parker Company has a balance of $26,000 in retained earnings on January 1. During the year, Parker reported revenues of $74,000 and expenses of $57,000.
Parker Company has a balance of $26,000 in retained earnings on January 1. During the year, Parker reported revenues of $74,000 and expenses of $57,000. Parker also paid a dividend of $10,000.
What is the amount of retained earnings on December 31?
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Accounting Information Systems
Authors: George H Bodnar, William S Hopwood
10th Edition
013609712X, 978-0136097129
